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U.S. Job Growth Beats Expectations, Unemployment Rises

U.S. Job Growth Beats Expectations, Unemployment Rises

Bitget2025/04/04 12:58

April 4 (Reuters) - U.S. job growth beat expectations in March and the unemployment rate rose slightly, suggesting a healthy labour market before the global economy is hit by widespread tariffs. Non-farm payrolls rose by 228,000 in March, data released Friday by the US Bureau of Labour Statistics showed. The unemployment rate rose to 4.2% as the employment participation rate climbed. Payroll growth stayed firm. The report noted that the labour market was resilient ahead of Trump's sweeping tariffs on Wednesday. Employment growth was led by healthcare, transportation and warehousing, and leisure and hospitality. Retail employment rebounded, partly reflecting the return of 10,000 workers on strike at Kroger.

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