The U.S. economy added 103,000 new jobs and the unemployment rate held at 4.1 percent in March, the Bureau of Labor Statistics reported Friday.
The numbers are short of forecasters’ expectations of around 175,000 employment positions for the month, according to the Washington Examiner.
However, average hourly pay went up 2.7 percent compared to March 2017, and the 4.1 percent and unemployment rate remains the lowest it has ever been since 2000, for the sixth straight month, the bureau reported.
Average hourly wages for all employees on private non-farm payrolls rose by eight cents throughout the month. Average hourly earnings for private-sector production and non-supervisory employees increased by four cents.
Throughout March 2018, the mining industry added 9,000 jobs, health care added 22,000 jobs, employment in professional and business services added 33,000 jobs, and manufacturing employment rose by 22,000. (RELATED: 313,000 Jobs Added In February, Unemployment Steady At 4.1 Percent)
The total number of people claiming unemployment benefits in the U.S. has also continued to decline since President Donald Trump took office.
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