Jobs Growth Rebounds in March

After dismal growth in February, U.S. jobs growth rebounded in March, adding 196,000 net new non-farm payroll jobs. Food services and drinking places saw the number of new positions rise by 27,300 after February saw barely appreciable growth of only 1,600 new jobs.

The federal Bureau of Labor Statistics revised January upwards growth to 312,000 and February growth to 33,000. The net gain was 14,000 jobs. Average wages gained four cents and are 3.2% higher than a year ago, the strongest year-on-year gains in more than a decade.

The overall unemployment rate held steady at 3.8%.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Ghost Kitchens, More in the Cards for Jack in the Box

This summer, Jack in the Box expects to launch up to eight ghost kitchens in partnership with REEF Kitchens.

Read More...

Roark Capital Sweetens Portfolio With Acquisition of Bakeries

Nothing Bundt Cakes joins the company of Culver’s, The Cheesecake Factory, Dunkin' and more as the firm’s 29th restaurant investment.

Read More...

Costa Coffee Wants Remote Workers Back

A Costa Coffee in the West Hampstead area of London has debuted a setup geared toward once again bringing remote workers back into its shops.

Read More...