U.S. Job Market Report for March 2025
In March, U.S. employers added 228,000 workers to their payrolls, exceeding expectations. The unemployment rate inched up to 4.2 percent. Private sector hiring was much stronger than anticipated, with businesses adding 209,000 jobs. Workforce participation rate and average hourly earnings rose, indicating increased demand for labor.
Key Points
- Job additions exceeded expectations
- Private sector added more jobs than forecasted
- Workforce participation rate increased
- Average hourly earnings rose
Pros
- Higher-than-expected job additions
- Strong private sector hiring
- Increase in workforce participation rate
- Rise in average hourly earnings
Cons
- Unemployment rate edged up to 4.2 percent