Another month, another burst of better-than-expected job gains. Employers added 303,000 jobs in March on a seasonally adjusted basis, the Labor Department reported on Friday, and the unemployment rate fell to 3.8 percent, from 3.9 percent in February. Expectations of a recession among experts, once widespread, are now increasingly rare.
– Talmon Joseph Smith writing for the NY Times
It was the 39th straight month of job growth. And employment levels are now more than three million greater than forecast by the nonpartisan Congressional Budget Office just before the pandemic shock.- Talmon Joseph Smith writing for the NY TimesLower-wage earners, for their part, are experiencing a job market less hot than a couple of years ago, when switching jobs in search of better pay and benefits frequently garnered double-digit percent raises. The market is, however, still providing opportunities for earnings growth not seen since the late 1990s, according to key Fed measures.- Talmon Joseph Smith writing for the NY Times
