Employers added 303,000 jobs in March, surging past economic forecasts

[DemocratSinceBirth]

MONEYWATCH
Employers added 303,000 jobs in March, surging past economic forecasts
moneywatch
By Khristopher J. Brooks

Edited By Aimee Picchi

Updated on: April 5, 2024 / 9:29 AM EDT / CBS News


U.S. employers added 303,000 jobs in March, far surpassing economists' predictions and signaling the labor market remains strong.

Analysts surveyed by FactSet expected businesses had added 200,000 jobs last month. The unemployment rate held steady at 3.8%, the U.S. Department of Labor said on Friday.

...


https://www.cbsnews.com/news/jobs-report-march-2024/

[edhopper]

1. A big reason why Powell

isn't lowering rates.

[newdayneeded]

2. That makes sense.

The economy is doing great, so let's punish home buyers young and old.

[Johnny2X2X]

3. Powell literally said this week he's still lowering rates

Then some other lesser member of the board said maybe not yesterday and people ignroed what Powell had just said.

[edhopper]

5. Maybe at the end of the year

but no time soon.

[Johnny2X2X]

6. Still sees 3

That's what he said. The first one is still likely to be in June.

[edhopper]

7. I see

I didn't read far enough.

[newdayneeded]

4. If Biden would convince Powell

to start lowering interest rates it would help him defeat trump much easier.. ......just sayin.

[Johnny2X2X]

8. That's not how the Fed works

The inflation data will drive the rate cuts. The next CPU and PCE readings are a key.

[Fla Dem]

9. Thank You Joe Biden and Kamala Harris.