The numbers are happy numbers on the whole…
But the economy STILL seems to be slowing….
The economy added 196,000 jobs in March — topping economists’ forecasts of 175,000, and a big rebound from February’s weak report, the Labor Department said on Friday. The unemployment rate held at 3.8%, while wages grew 3.2% from the prior year — a slightly slower pace than last month.
Why it matters: This month’s report, which shows that the economy added an additional 13,000 jobs in February than initially estimated, proves the jobs market is still chugging along for now.