March Jobs Report: Slowing Hiring Amid Tariff Concerns

Reported 1 day ago

The upcoming March jobs report is expected to show a slowdown in hiring, with nonfarm payrolls predicted to increase by 140,000, while the unemployment rate remains stable at 4.1%. These projections come as concerns grow over President Trump's tariffs potentially impacting economic growth, leading to market volatility. Although layoffs are low, data indicate a cooling labor market, with job openings at a three-year low. Economists suggest that uncertainty surrounding tariffs may influence hiring patterns.

Source: YAHOO

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