Job gains declined in the United States in He walks for a second month in a row government Data showed on Friday, adding to the signs that economy Cool as policy makers pay on in they fight against economic inflation.
Country added 236,000 job opportunities in March, slightly less than expected, while unemployment rate inch down to 3.5%, the Labor Department said.
The numbers came days after separate employment reports emerged private Facilitate the activity of American companies and services as well.
the job market The data is closely monitored for its potential effect on Federal Reserve policy decisions – But it isn’t clear that latest The numbers are enough for translate to pause in interest rate walking long distances.
pay growth It was solid with hourly average earnings rising 0.3% to $33.18, according to the data.
comparison with a year In the past, wages increased by 4.2%.
Employment continued to trend up in Leisure, hospitality, government, professional and business services and health care,” the Labor Department said.
the report added this work force sharing rate I continued the trend up last month as well.
The numbers could bring some relief to policymakers who They were struggling to restrain themselves in Stubborn inflation.
To facilitate demandThe Fed raised benchmark lending rate nine times early on last year.
strong employment market
“data show this work market remains strong with the economy Still creating jobs quickly pace. But there seem to be hints of “An adjustment,” said Rubella Farooqui, chief US economist at High Frequency Economics.
See this modification in Regions like a higher level of unemployment claims and a decline in Jobs.
“but with Inflation remains steady, and we expect the Fed to hold rates higher for Some time, looking for a more Great relief of price pressures” are added.
The policy makers were at the Federal Reserve concerned This quick work growth It would drive unemployment rate to new Ian Shepherdson, chief economist at Pantheon Macroeconomics, said: in Modern report.
Such a scenario would prevent wage inflation from regressing to a pace Fixed with Officials target of two percent.
while pay growth slowed down from peak in Late 2021 and unemployment rate It was back at a low, and policymakers were “reluctant to acknowledge” the shift, he said.
this was itin Part maybe due to inflation in Wage-sensitive services sector remains too loud and sticky”, added Shepherdson.
