Economic Calendar
Latest Economic Update
March Jobs Report
Key Numbers
Sector Breakdown
Quick Analysis
March’s job growth significantly exceeded expectations, showing resilience in the labor market with 228,000 new jobs compared to estimates of 140,000. However, January and February numbers saw substantial downward revisions, with February’s count dropping by 34,000 jobs to 117,000. The unemployment rate ticked up slightly to 4.2% while labor force participation increased to 62.5%, suggesting more people entered the job market. The US has now added jobs for 51 consecutive months, marking the second-longest expansion on record according to BLS data.
Market Implications
The better-than-expected job figures provided temporary reassurance about labor market stability, but come against a highly uncertain backdrop after President Trump’s recent tariff announcement. Many analysts note that the March report shows economic resilience, but already represents a snapshot in time that may not reflect emerging economic challenges. Recent economic data indicates uncertainty is rising amid policy shifts including federal layoffs, funding cutbacks, and tariffs.