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US jobs growth slows in March | US jobs growth slows in March |
(35 minutes later) | |
US employers added fewer jobs than expected in March, with the economy adding 103,000 posts last month. | US employers added fewer jobs than expected in March, with the economy adding 103,000 posts last month. |
The figure from the Labor Department was below analysts' expectations of about 193,000, and the dollar weakened against major currencies as a result. | The figure from the Labor Department was below analysts' expectations of about 193,000, and the dollar weakened against major currencies as a result. |
March's figure was a sharp slowdown from the 326,000 jobs that were created in February. | March's figure was a sharp slowdown from the 326,000 jobs that were created in February. |
The unemployment rate remained unchanged at 4.1%. | The unemployment rate remained unchanged at 4.1%. |
Manufacturing and health care firms drove the hiring, while most industries saw little change. The construction sector shed jobs. | |
Analysts said weather may have contributed to the slowdown in job creation, which had been expected to some degree after February's blockbuster gains. | |
The low unemployment rate may also be making it hard to find workers, they said. | |
The average hourly wage for private sector workers was $26.82 in March, up 2.7% from a year ago. |