March Jobs Report Exceeds Expectations

SOURCE www.mediaite.com
CNBC anchor Rick Santelli gushed over a March jobs report that saw 303,000 jobs added, exceeding expectations. The report also showed slight changes in the unemployment rate, average hourly earnings, and labor force participation.

Key Points

  • 303,000 jobs added, highest number in a long time
  • Unemployment rate at 3.8%, a slight improvement from the previous month
  • Labor force participation increased to 62.7%

Pros

  • 303,000 jobs added in March, surpassing expectations
  • Unemployment rate remained steady at 3.8%
  • Positive growth in health care, government, and construction sectors

Cons

  • Average hourly earnings saw slight changes