U.S jobs growth slows more than expected
The U.S. created just 98,000 new jobs in March, well below market expectations for 180.000 jobs. On the other hand, the unemployment rate fell to a nearly 10-year low of 4.5 percent. Analysts are blaming the weather for the slow growth. "we believe the sharp drop in temperatures and the early-month winter storms will depress payroll growth in weather-sensitive categories. Winter Storm Stella impacted the Midwest and East Coast early in the payroll survey week — and much of the snow that accumulated during the storm did not melt until Thursday or Friday." Goldman Sachs economists
Category
🗞
News