U.S. Job Growth Soars in March; Construction Firms Lead Hiring of Veterans and Young Workers
• Hiring accelerated in March, adding 303,000 jobs. Unemployment rate dipped to 3.8%. • Construction companies helped add 39,000 jobs despite high interest rates. • About 20% of one construction firm's employees are military veterans. • Young people seeing opportunities for earnings and growth potential in construction. • Fed can wait to cut interest rates as wage growth outpaces inflation.