US Job Growth Soars in March, Unemployment Hits New Pandemic Low
- US economy added 303,000 jobs in March, far exceeding expectations
- Unemployment rate fell to 3.8% from 3.9% in February
- Wage growth slowed to 4.1% year-over-year, lowest since June 2021
- Labor force participation rate ticked up to 62.7% from 62.5%
- Largest job gains seen in healthcare, government, and construction sectors