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.