U.S. Job Growth Soars in March, Unemployment Hits 50-Year Low

• US economy adds 303,000 jobs in March, nearly 100,000 more than expected • Unemployment rate falls to 3.8%, near historic lows • Increased immigration helping boost labor force participation and economic growth • Wage growth decreases to 4.1%, lowest since June 2021, easing inflation concerns • Strong economic data causing investors to scale back expectations for Fed rate cuts