The US added 236,000 jobs in March, a sign of gradual weakening in the labor market as the effects of the Federal Reserve’s interest rate increases start to be seen in the economy.
Friday’s closely watched jobs report provides data that will heavily influence the Fed’s decision to either halt or continue interest rate hikes at its next board meeting in early May. The non-farm payrolls data published by the Bureau of Labor Statistics’ (BLS) suggested a slowdown in the jobs market in the world’s largest economy last month, after an upwardly revised 326,000 jobs were added in February and 504,000 in January.
