Job Growth Accelerated In March—But Unemployment Hits 4.2% As Tariffs Threaten To Send Jobless Rate Over 5%
1. U.S. job growth in March exceeded estimates with 228,000 new jobs added. 2. Unemployment slightly rose to 4.2%, up from 4.1% in February. 3. Average hourly wages increased by 3.8%, lower than projected wage growth. 4. New tariffs could raise unemployment to 5.1% by year-end, per UBS economists. 5. Stellantis announced temporary layoffs of 900 workers due to tariffs' impact.