Another month of robust US job growth points to continued economic strength
FILE - Waitress Rachel Gurcik serves customers at the Gateway Diner in Westville, Pa. on Oct. 22, 2023. On Friday, April 5, 2024, the U.S. government issues its March jobs report. (Tom Gralish/The Philadelphia Inquirer via AP, File)
WASHINGTON (AP) — America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.
Last month's job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that economists had forecast. By any measure, it amounted to a major burst of hiring, and it reflected the economy's ability to withstand the pressure of high borrowing costs resulting from the Federal Reserve's interest rate hikes. With the nation's consumers continuing to spend, many employers have kept hiring to meet steady customer demand.
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