Modest number of jobs added fell below expectations, but offer reassurance that the US labor market remains healthyThe US added a modest 103,000 jobs last month, below expectations of 178,000, but strong enough to offer reassurance that the US labor market remains healthy. The labor department said on Friday that the unemployment rate had remained at 4.1% for a sixth straight month. Despite the lower number of jobs added the unemployment rate is now at 17-year low with average hourly pay up 2.7% compared with a year earlier. Analyst said the latest jobs report is largely in sync with Fed predictions that the labor market is tight. They see the unemployment rate reaching 3.6% at the end of next year.

Source: The Guardian April 06, 2018 13:11 UTC