The March jobs report showed the US economy continued to add jobs at a strong pace last month while the unemployment rate ticked slightly higher.
Data from the Bureau of Labor Statistics released Friday showed 228,000 new jobs were created in March, more than the 140,000 expected by economists, the 117,000 seen in February, and the 158,000 average monthly gain seen over the last year.
The unemployment rate rose to 4.2% from the 4.1% seen in the prior month. February’s monthly job gains were revised lower from a previous reading of 151,000.
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