196,000 Jobs Were Added to the Economy Last Month

On Friday, the Bureau of Labor Statistics released the jobs report for the month of March. In the report, the Bureau of Labor Statistics reported a 3.8% unemployment rate. Compared to the previous report for the month of February, the unemployment rate has not changed. The report also stated that the economy added 196,000 non-agricultural payroll jobs, which is higher than the expected number of 170,000. Meanwhile, average hourly wages increased by 3.2%, which is just below the expected 3.4%.

The report has eased recession fears among investors. The Dow started the day 0.17% higher than it had when it closed on Thursday. Meanwhile, the S&P 500 increased by 0.16%, and the NASDAQ Composite increased by 0.29%.

The economy of the United States has been constantly growing since the Great Recession and is currently very strong. But many economists are predicting that the economy will go into a recession within the next couple years. We will see when the next recession will hit America.

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