Employment Data: US jobs exhibit robust growth
There were other encouraging reports Friday on the health of US economy at the end of the first quarter
WASHINGTON:
The US economy posted solid jobs growth in March but the unemployment rate ticked up, though for a good reason: more people entering the labour market. The Labor Department reported Friday that 215,000 jobs were added in March, slightly easing from February’s gain yet still suggesting that the labour market is holding up despite signs of weakening US growth and the global slowdown. “The labour market continues to improve at a steady pace,” said Sophia Koropeckyj of Moody’s Analytics. “The average number of jobs created in the first quarter is exactly equal to the average for the past four years, a remarkable run.” There were other encouraging reports Friday on the health of US economy at the end of the first quarter.
Published in The Express Tribune, April 3rd, 2016.
The US economy posted solid jobs growth in March but the unemployment rate ticked up, though for a good reason: more people entering the labour market. The Labor Department reported Friday that 215,000 jobs were added in March, slightly easing from February’s gain yet still suggesting that the labour market is holding up despite signs of weakening US growth and the global slowdown. “The labour market continues to improve at a steady pace,” said Sophia Koropeckyj of Moody’s Analytics. “The average number of jobs created in the first quarter is exactly equal to the average for the past four years, a remarkable run.” There were other encouraging reports Friday on the health of US economy at the end of the first quarter.
Published in The Express Tribune, April 3rd, 2016.