The U.S. economy added a higher-than-expected 303,000 new jobs in March, while the unemployment rate was still below 4 percent, according to the Bureau of Labor Statistics (BLS). The labor market continues to remain resilient in a climate of high-interest rates and above-trend inflation.
February job gains were revised down by 5,000 to 270,000. The January numbers were adjusted higher by 27,000, but the downward revisions still totaled 97,000.