The labor market showed resiliency in March despite continued global headwinds, according to the Bureau of Labor Analysis' economic situation summary released today. Non-farm payrolls added 215,000 jobs, while the average hourly workweek held steady and wage growth ticked up. Finally, the slight uptick in March’s unemployment rate – from 4.9 percent to 5 percent – was coupled with an increase in the labor force participation rate, suggesting that sustained labor market gains may be drawing more Americans into the labor force.
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