US job creation tumbles in March; unemployment steady at 4.1%

PTI Updated - April 06, 2018 at 06:55 PM.

The employment rate fell to an all-time low of 38.2 per cent in March 2020.

Monthly job creation in the worlds largest economy tumbled in March to its lowest level in six months, with employers adding only 103,000 net new positions, the government reported today.

The result was less than a third of the payroll gains in February and far lower than the 175,000 analysts expected.

But the US unemployment rate held steady at 4.1 per cent for the sixth month in a row and as wages rose faster than expected.

Published on April 6, 2018 13:23