U.S. Added 431,000 Jobs In March In Sign Of Economic Health

The March jobs report shows 431,000 jobs added, reducing the unemployment rate to 3.6%, slightly better than expected. This follows a strong February report with 678,000 jobs added. The biggest job gains were in leisure, hospitality, professional services, retail, and manufacturing. The report is positive for the Federal Reserve as it considers raising interest rates to manage inflation and maintain economic stability.

What was the unemployment rate in March according to the latest report?

• 3.8%

• 3.7%

• 3.6%

• 3.5%

How many jobs were added in February, making it a tough benchmark for March?

• 678,000

• 500,000

• 700,000

• 431,000

What was the unemployment rate in February before it decreased in March?

• 3.8%

• 3.9%

• 3.6%

• 3.7%

Which industry was NOT mentioned as having significant job gains in March?

• Leisure and hospitality

• Professional and business services

• Healthcare

• Retail trade

Why is the jobs report considered good news for the Federal Reserve?

• It indicates a decrease in inflation.

• It supports the decision to raise interest rates.

• It shows a decline in consumer spending.

• It suggests a need for more economic stimulus.