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Stronger, broader hiring could ease Fed job market worries
Hiring that strengthened and broadened in March will likely cement the U.S. Federal Reserve's plans to keep interest rates on hold for the foreseeable future, easing concerns about a weakening labor market and keeping policymakers focused on whether rising energy prices threaten higher inflation. The March jobs report showed the economy adding workers across sectors. Manufacturing gained 15,000 jobs, the most since November 2023 when factories added 22,000 new positions, and there were gains in construction, leisure and hospitality, and transportation as well. The Black unemployment rate, considered a harbinger in ... (full story)