Heather Long: U.S. economy adds 178,000 jobs in March as unemployment rate falls

Heather Long: U.S. economy adds 178,000 jobs in March as unemployment rate falls
U.S. adds 178,000 jobs in March

The U.S. economy added a robust 178,000 jobs in March, representing a significant recovery from February, according to Heather Long. Healthcare was a major driver, accounting for approximately 43% of the new positions.

There is currently no evidence that the war in Iran has affected the U.S. job market. The unemployment rate edged down to 4.3%, and wage growth for the period was reported at 3.5%.

The March figures reversed losses from the prior month, when the U.S. economy shed 92,000 jobs and unemployment rose to 4.4%, according to Heather Long's earlier report. In February, the hiring rate had also slipped to 3.1 percent, marking the lowest level since April 2020 as key sectors slowed, data show. These trends put the latest job gains in sharper relief.

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