The U.S. added 303,000 jobs in March, far surpassing economists' expectations.
STOCK PHOTO/Getty ImagesThe hiring far surpassed the average number of jobs added each month over the previous year, suggesting an acceleration in performance for one of the key metrics used to assess the nation's economic health.
Inflation has fallen significantly from a peak of 9.1% but it remains more than a percentage point higher than the Fed's target rate of 2%. "Many Americans remain unconvinced about the economy's strength, but this reflects in part the previously high inflation and that many are paying much more for food, rent, and other living costs," Zandi said. "It also reflects the nation's fractured politics, as many are looking through their political prism when making assessments about the economy's performance."
Some experts suggested that the show of economic strength would prompt the Fed to delay a rate cut, since such a move could trigger a burst of demand and a rebound of inflation.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Interstate 17 reopens after fatal rollover crash near Loop 303 in PhoenixDPS is investigating a fatal rollover crash on southbound I-17 near the Loop 303 junction in north Phoenix.
Read more »
US drops in ranking of happiest countries, dragged down by less satisfied young peopleAmericans, particularly younger Americans, are less happy, according to a new report from Gallup.
Read more »
This Christopher Nolan Blockbuster Was Originally Meant to Be a Horror FilmStay up to date with new movie news, watch the latest movie trailers & get trusted reviews of upcoming movies & more from the team at Collider.
Read more »
Blockbuster biopic 'Oppenheimer' set to dominate at the Oscars Sunday nightHi, 'Oppenheimer.' When Hollywood gathers for the 96th Academy Awards on Sunday, the blockbuster biopic is widely expected to overpower all competition.
Read more »
Oscars get audience bump from 'Barbie' and 'Oppenheimer,' but ratings aren't quite a blockbuster“Barbenheimer” brought a bump not a boom to Oscars ratings.
Read more »
New York Giants acquire Brian Burns in blockbuster trade with Carolina PanthersThe New York Giants have made a blockbuster trade with the Carolina Panthers, acquiring two-time Pro Bowl edge rusher Brian Burns. The Giants sent 2024 second- and fifth-round picks to the Panthers in exchange for Burns, who agreed to a five-year deal worth a maximum value of $150 million with $87.5 million guaranteed.
Read more »