News Update


Job creation in the United States slows, but unemployment remains low.

The US job market slowed last month, but the unemployment rate remained low, according to official data.

Employers added 236,000 jobs in March, which was close to expectations, with bars and restaurants leading the way.

The number of new jobs created is lower than in February, but the unemployment rate remains near historic lows at 3.5%.

The data is being closely scrutinized for signs of a slowdown as the US Federal Reserve raises borrowing costs to cool soaring prices.

Wage growth has also slowed, with average hourly earnings rising by 4.2% year on year to March. This is less than the 4.6% increase seen in February.

The US Federal Reserve has raised interest rates in order to slow the rate of price increases, or inflation.

However, the labor market has remained steadfastly resilient.


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