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US economy far surpasses expectations to add 228,000 jobs in March

  • In March, U.S. Employers added 228,000 jobs, exceeding expectations, while the unemployment rate rose to 4.2%.
  • A strong labor market has provided stability amid high inflation for businesses recently.
  • Job growth occurred in health care, hospitality, construction, and retail sectors; 232,000 people entered the workforce.
  • Average wages increased 3.8% from last year; President Trump claimed his tariff policies are "already working."
  • Despite job gains, economists predict a 60% chance of recession amid uncertainty over trade and potential hiring freezes.
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Forbes broke the news in United States on Friday, April 4, 2025.
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