Published: Sat, April 07, 2018
Markets | By Erika Turner

Ontario Added 10600 Jobs in March

Ontario Added 10600 Jobs in March

The result was less than a third of the payroll gains in February and far lower than the 175,000 analysts expected.

According to the latest Labor Department estimates, nonfarm payrolls increased 103,000 in March.

The national unemployment rate for March, 4.1 percent, was steady for the sixth consecutive month. the number of jobless changed little.

The job market whiffed on expectations in March, according to a new jobs report from the Bureau of Labor Statistics, turning in its worst performance in six months.

The pace of growth slowed significantly from February, when the figure was above 300,000.

If job numbers like February's had become the norm, it would have had major political implications, in making the tax law passed at the end of 2017 look like an economic boon and suggesting the United States economy was in a boom that could enable it to weather whatever damage a trade war might incur.

"Eventually, we'll have to get used to monthly [job] gains of ~100,000 or less", Kolko added.

The US economy added 103,000 nonfarm payrolls in March, fewer than economists' forecast for 185,000.

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Police have arrested the attacker, who is believed to be research fellow at the university, working in the education faculty. Dogan said that the attack sparked panic at the university, with both students and teachers in a state of shock.

Wage growth increased from February, with average hourly earnings increasing by 0.3% month-on-month and 2.7% year-on-year, in line with what economists had predicted.

"This jobs report should not change anyone's views on the outlook for monetary policy", said Neil Dutta, an economist at Renaissance Macro, following the report. There is hope that wage growth will accelerate in the second half of the year and allow the Fed to continue raising interest rates.

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 unemployment rate had been expected to edge down to 4.0 percent.

Employment increased in manufacturing, health care, and mining.

Goods-producing employment rose by 15,000 jobs during the month, as gains in manufacturing led by adding 22,000 jobs in March.

USA employers added a modest 103,000 jobs in March after several months of bigger gains, though the government's overall jobs report suggests that the labor market remains healthy.

Myles Udland is a writer at Yahoo Finance.

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