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U.S. Jobs Market Revives
The U.S. picked up a seasonally adjusted 196,000 jobs in March after slumping to an oddly low 33,000 in February.
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The U.S. picked up a seasonally adjusted 196,000 jobs in March after slumping to an oddly low 33,000 in February, the U.S. Dept. of Labor reports.
But the manufacturing sector lost 6,000 positions last month. It was the segment’s first year-on-year decline since mid-2017. The country’s unemployment rate in March was unchanged at 3.8%.
On an annualized basis, the U.S. has added 180,000 jobs per month so far this year. That pace compares with an upwardly adjusted averages of 223,000 in 2018 and 179,000 in 2017.
March marked the 102nd consecutive month of year-on-year jobs gains, the country’s longest such run ever. Wages grew an average 4 cents to $27.70 per hour.
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