President Donald Trump deserves a “yuge” round of applause as the United States has added a whopping 228,000 jobs in March, which is 140,000 over the mark economists had predicted. The plan is working. We just need to give it time and trust our leader and his team.
As with everything in life, the good news comes with a little bit of bad. The unemployment rate went up from 4.1 percent to 4.2 percent. A very small increase, which is to be expected as the Department of Government Efficiency continues to cut out useless jobs within the federal government.
March’s numbers completely obliterated the 117,000 jobs added in February according to information from the Bureau of Labor Statistics. So which sectors were able to add jobs and put people back to work? Health care, transportation, and warehousing were among those that have seen increases in job creation.
“Federal hiring declined amid sweeping cuts to the government’s workforce, though many of those layoffs aren’t showing up yet in official figures due to leave and severance policies and routine lags in data gathering,” NBC News reported.
And that’s a really positive turn of events. When Joe Biden was president, the vast majority of the jobs created during his administration were federal government jobs, meaning he expanded the size and scope of the federal apparatus, increasing the burden on taxpayers.
Not to mention, whenever there’s an expansion of government, there’s a shrinking in personal liberties. Every. Single. Time.
The March report shows a resilient U.S. economy, though it’s already a snapshot in time. After President Donald Trump’s sweeping tariffs announcement Wednesday slammed into global markets, analysts say the labor market is likely to enter more uncertain terrain.
“This report isn’t likely to be seen as more important than the trade war,” Kathy Jones, chief fixed income strategist at Charles Schwab, said in a post published on X Friday morning after the release.
Goldman Sachs analysts offered much the same take. “Today’s better than expected jobs report will help ease fears of an immediate softening in the US labor market. However, this number has become a side dish with the market just focusing on the entrée: tariffs,” they wrote Friday.
The little uptick in unemployment in March is likely due, according to NBC, to people entering into the workforce to look for jobs. Participation rates for the labor force also went up a little, however March numbers revealed that hourly wage growth slowed down a bit.
“Private-sector hiring continued to chug along, according to figures released this week by payroll processor ADP. But they, too, showed a slowdown in pay growth, with the average raises earned by people changing jobs hitting a low not seen since September. And a separate BLS release this week found that while layoffs have remained subdued, so has hiring,” the report said.
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