U.S. payrolls rise by 228,000 in March, but unemployment rate increases to 4.2% [View all]
Source: CNBC
Published Fri, Apr 4 2025 8:31 AM EDT Updated 5 Min Ago
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday.
Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics.
However, the unemployment rate moved up to 4.2%, higher than the 4.1% forecast as the labor force participation rate also increased.
Though the headline number beat estimates, the report comes against a highly uncertain backdrop after President Donald Trump’s tariff announcement this week that has intensified fears of a global trade war that could damage economic growth.
Read more: https://www.cnbc.com/2025/04/04/jobs-report-march-2025-.html
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Payroll employment rises by 228,000 in March; unemployment rate changes little at 4.2% #BLSData #EmpSit https://bls.gov/news.release/empsit.nr0.htm
8:30 AM · Apr 4, 2025
TGIF (except for the markets) and stay tuned for DU's economy analysts with the deep dives!
Article updated.
Previous article -
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday.
Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics.
However, the unemployment rate moved up to 4.2%, higher than the 4.1% forecast.
This is breaking news. Please refresh for updates.
Original article/headline -
Published Fri, Apr 4 2025 8:31 AM EDT
Nonfarm payrolls were expected to grow by 140,000 in March while the unemployment rate held steady at 4.1%, according to the Dow Jones consensus forecast.
This is breaking news. Please refresh for updates.
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