Job Growth in the First Quarter of 2018 Remains Strong

March Jobs Report: Everything You Need to Know

US adds 103000 jobs in March, falling short of expectations

Wage growth is one of the few yardsticks in the job market not to pick up meaningfully in recent years. Monthly payroll gains have averaged 201,000 this year, compared with 182,000 in 2017.

Friday's jobs report showed continued healthy gains in manufacturing and mining, two industries that Trump has sought to bolster and are also getting a boost from a stronger global economy and recovery in the oil and gas business.

There is now a job open for every unemployed person in the country, so heftier pay raises should be on the way, said Dan North, chief economist at Euler Hermes North America, a credit insurance firm.

Nonfarm payrolls added just 103,000 new jobs for the month, below the consensus expectations of 193,000.

Ashworth added that while March's job gains were weaker than expected, "there is still evidence of an acceleration in the underlying pace of employment growth... looking through the volatility, employment growth is trending higher and wage growth is starting to heat up".

The national unemployment rate remained at 4.1%, maintaining the lowest level since December 2000.

The unemployment rate, which had been expected to dip to 4.0%, remained at a 17-year low of 4.1%.

Beijing had warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh trade measures if Washington followed through with President Donald Trump's threat to slap tariffs on an additional $100 billion in Chinese goods.

While the official unemployment rate held steady for a sixth-straight month in March, the underemployment rate, which captures those out of work and those who want full-time work but are working part-time, moved down to 8% in March after having hit 8.2% the prior month.

The civilian labor force participation rate fell 0.1 percentage point to 62.9%.

The return of cold weather and a shortage of skilled workers weighed on hiring at construction sites in March.

Ontario's plan to support care, create opportunity and make life more affordable during this period of rapid economic change includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation. Manufacturing employment increased 22,000.

Construction companies cut 15,000 jobs, the sharpest monthly drop in three years, after five months of gains. Leisure and hospitality employers added only 5,000 jobs last month, the least since September. Excluding the addition of 1,000 workers from government payrolls, the private sector added just 102,000 for March.

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