WASHINGTON — The U.S. jobs report for March delivered a mixed message Friday as hiring fell to its weakest pace in nearly a year. Yet at the same time, the unemployment rate reached the lowest level in nearly a decade. Employers added just 98,000 jobs, the Labor Department said. That was barely half the previous month’s gain and a potential sign of weakening growth. Yet economists largely downplayed the drop, attributing much of it to a snowstorm that hit the Midwest and Northeast just as the government was compiling its hiring data. The steady job market has been a pillar of a resilient U.S. economy, and most analysts expect hiring to return to a pace closer to 178,000, the average…
FULL STORY

Leave a comment