Best monthly job jain since December 2024

U.S. employers added 178,000 jobs in March, even as businesses faced higher costs from oil and rising inflation. The upbeat job numbers, released Friday by the Bureau of Labor Statistics, exceeded many analysts’ expectations. Human resources provider ADP had projected a 62,000-job increase in the private sector for March. Because the U.S. lost government jobs, according to the BLS, the latest figures indicate 186,000 private-sector jobs were added. Coupled with recent BLS data on job turnover, the report suggests many employees are staying put while businesses freeze hiring. The February hiring rate was the lowest since April 2020, when the pandemic halted much of the nation’s job growth.