US employers add 103000 jobs in March, fewest in 6 months

A construction worker walked along One Dalton in Boston which is under construction

ADP, which calculates based on its own payroll services, had predicted a net gain of 241,000 jobs in March.

Did March provide another month of blowout hiring?

With labor market slack diminishing, wage growth picked up a bit in March. "The unemployment rate remained at its lowest level in 17 years and this slightly low "Goldilocks" type of March jobs report could help stabilize markets as we head into earnings season".

Global shares recoil as China retaliates in U.S. trade war
Trump has also ordered his treasury secretary to weigh new limits on Chinese investment in the United States. With the arrival in 1995 of the Geneva-based World Trade Organization, Section 301 largely faded from use.

Employment growth has occurred in many regions across the province; year-over-year increases include Stratford-Bruce Peninsula (7.3 per cent), Toronto (3.4 per cent) and Hamilton-Niagara Peninsula (2.3 per cent). The influx of new workers, which gives employers more hiring options than a 4.1 percent unemployment rate might otherwise suggest, may also be holding back wage growth. That figure is still impressive, economists say, given that the nation is in its ninth year of economic expansion and the labor force is growing much more slowly than it was before the recession. Sentiment was already soured by the United States and China renewing their trade spat, stoking fears that the tit-for-tat actions could spiral into a trade war. Economists do not see an impact on hiring in the near-term from the stock market selloff, which has caused a tightening in financial conditions. Despite the slowdown in job growth in March, steady wage gains should support consumer spending amid signs gross domestic product growth moderated in the first quarter. The number equates to 2.7 percent on an annualized basis. Average hourly pay ticked up, climbing 2.7 percent compared with a year earlier.

March unemployment held at 4.1%, whereas analysts expected a decline to 4%.

At 1.3 million, the number of long-term unemployed - those jobless for 27 weeks or more - was little changed in March and accounted for 20.3 percent of the unemployed, according to the U.S. Bureau of Labor Statistics. Payrolls in the sector fell 15,000, the first drop since last July, after surging 65,000 in February. The retail sector shed 4,400 jobs after adding 47,300 positions in February. Are we at a point at this late stage in a very long economic recovery, with low unemployment, and fewer people looking for work, or available to do it, where adding 100,000 jobs is about as good as it gets? Government payrolls rose by 1,000 in March.

Related:

Comments

Latest news

"He's Lost His Mind": Jimmy Kimmel Takes on "Ass Circus" Sean Hannity
Sean Hannity and Jimmy Kimmel are feuding after the late-night host cracked a joke at first lady Melania Trump 's expense. Hannity posted old television clips of Kimmel making sexual jokes and called the comedian "Mr Harvey Weinstein jr".

SnapChat is Releasing Special AR Lenses for iPhone X Users
Since, TrueDepth technology is limited to iPhone X only, the feature is exclusive for the owners of this smartphone. At the launch of the iPhone X , Craig Federighi's demo using some new Snapchat Lenses blew everyone's minds.

Remains Of Senator Bukar Laid To Rest In Daura
Senator Bukar, who represents Katsina North ( Daura Zone) in the Senate, died around 10.am on Wednesday following an illness. Bukar who was born in Daura , Katsina State, in December 1953 was 1978 graduate of Engineering of Ahmadu Bello University .

Apple will claim it invented the curved screen soon
There is also no word on whether Apple will actually bring these capabilities into the market. According to Bloomberg , the new features are touchless gesture controls and curved displays.

Brazil's Lula must start prison term, Supreme Court rules
However, numerous exceptions to the law, known as the " clean slate ", have been made since its introduction in 2010. An arrest warrant is reportedly expected in a matter of days.

One day after horrific spill, Tony Finau plays Masters on tender ankle
With his ankle visibly damaged, he appeared to lean down and simply push it back into place before limping back to the tee. Finau then proceeded to sprint towards the hole in celebration. "It's nothing short of a miracle for me".

Apple hires former Google AI chief John Giannandrea
Apple can't afford to keep lagging behind in this space, especially now that it's asking even more of Siri with the HomePod . Users have often spoken of what they view as Siri's inferior quality when compared to Google Assistant and Amazon's Alexa .

Trump sticks by EPA chief as lawmakers call for resignation
That message was reinforced by White House Chief of Staff John Kelly in a telephone call to Pruitt on Tuesday morning. Pruitt is also facing unflattering headlines about his use of private jets and his living arrangements.

Narendra Modi betrayed Andhra Pradesh by denying special status, says Chandrababu Naidu
He also met leaders from different parties to generate support over getting Special Category Status (SCS) for Andhra Pradesh. Naidu said. "Ambition to grow is one thing but doing things this way is not acceptable, not a correct approach".

Winnie Mandela Should Have Been President, Says Head Of S.African Left
People pay their respects outside the home of Winnie Madikizela-Mandela in Soweto, South Africa, April 2, 2018. The couple were divorced in 1996, two years after Nelson Mandela became South Africa's first black President.

State Advisory Council To Explore Expansion Of Texas Medical Marijuana Law
They also recommend the legislature provide state protections for traveling families authorized to use of medical marijuana in other states.

Trade hostilities escalate as China slaps 25% tariff on United States soybeans
The U.S says China treats American companies unfairly by restricting access to its markets and stealing proprietary technology. China has imposed tariffs of its own in response to Trump's actions and remains optimistic about its manufacturing potential.

Apple's making curved iPhone screens that support air gestures
Google has its own take on the tech, secretly experimenting with it within an initiative called Project Soli . It is also important to note that Apple provides 5% of Intel's annual revenue.

Arsenal win 3-0 to leave Stoke stuck in drop zone
It was to prove a shallow oasis in a desert of barren first-half mediocrity however as Arsenal continued to waste possession. It's Arsenal's only route back to the Champions League .

South and North Korea to march together at Asian Games
Lee, a North Korea expert and fellow at the Wilson Center in Washington, told my colleagues in an email last week . Korea's Joongang Ilbo reports that 12,000 North Koreans were allowed to attend the second performance.

Other news

Copyright © 2015. All Rights reserved -