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Benzinga
Benzinga
Business
Wayne Duggan

US Adds 431,000 Jobs In March: 'Labor Market Dynamics Remain Robust'

United States Labor Department Joseph Brusuelas

The SPDR S&P 500 ETF Trust (NYSE:SPY) traded higher by 0.4% Friday morning after the Labor Department reported lackluster U.S. jobs market numbers from March.

The U.S. added 431,000 jobs in March, missing consensus economist estimates of 490,000 jobs. The U.S. unemployment rate dropped to 3.6%, below the 3.7% level economists had projected. The labor participation rate was unchanged at 62.4%, slightly below its 63.4% pre-pandemic rate in February 2020.

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