Breaking: March’s Jobs Report Decimates February’s Lackluckster Job Growth


The US economy beat analyst predictions by adding 196,000 jobs in March, according to data just released by the Bureau of Labor Statistics.


Wages also increased 3.2 percent over a year ago and rose by 0.14 percent in March. The unemployment rate remained steady at 3.8 percent, holding steady at a near 49-year low.

Slow Jobs Activity in February Called a Fluke

The strong economic performance cooled recession fears anticipated by Wall Street after a dismal February that only gained 20,000 jobs. The slow jobs activity in February was called a fluke by the White House due to the partial government shutdown and weather-related issues.

Analysts say this signals the labor market will remain stable enough to support economic growth in the coming months. The historic lows of unemployment also are a sign that bodes well for consumer spending.