Friday’s solid labor report ought to ease fears that the U.S. economy is skidding toward recession. Employers added a healthy 196,000 jobs in March while unemployment held at 3.8%, confirming that the labor market continues to expand following a freeze in February and should continue despite economic problems abroad. Job growth has averaged 180,000 for the last three months, which is down from 223,000 in 2018, but still strong for an economic expansion that’s going on a decade. Average hourly earnings climbed 3.2% in March...

Source: Wall Street Journal April 05, 2019 23:15 UTC