The U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain
The numbers: that hints growth in the economy is ready for a revival.
Professional and technical firms hired 34,000 workers, restaurants increased staff by 27,000 and construction companies took on 16,000 new workers. A month earlier, builders cut employment by the most in a year and a half during a spell of severe cold and heavy snowfall. The U.S. added an average of 180,000 jobs in the first three months of 2019 — a solid if somewhat slower pace compared to the tail end of last year.Also Read: Blockade of the southern border? Here’s what it would mean for the U.S.
The combination of stable growth and inflation is expected to keep the Federal Reserve from raising interest rates anytime soon.
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