The U.S. economy added 196,000 jobs in March, while the unemployment rate held steady. WSJ’s Jon Hilsenrath explains why these numbers may be the antidote for investors’ concerns about a recession. Photo: BloombergIf the world was at risk of sliding into recession, policy makers appear to have pivoted in time to prevent it. March capped a quarter in which jobs grew as fast as they did in the fourth quarter. Growth in private hours worked, a better gauge of business labor demand, actually accelerated.

Source: Wall Street Journal April 05, 2019 18:33 UTC