Some economists did not see slower hiring as a cause for concern. “The number from last year was not sustainable,” said Martha Gimbel, research director at the job-search site Indeed. The jobs report for March, which suggests the economy is growing at a steady rate that won’t cause higher inflation, lends support to the Fed’s stance, economists said. “It doesn’t tell the Fed that it’s doing the wrong thing by remaining patient,” said Ellen Zentner, chief United States economist at Morgan Stanley. The benchmark stock market index is less than 1.5 percent away from hitting a new high for the first time this year.

Source: New York Times April 05, 2019 09:00 UTC