Celebration of strong job growth is tempered by concern over what comes next: Economists react to March employment data

Payrolls rose by 178,000 in March and the unemployment rate ticked down to 4.3%, showing continued labor-market resilience. Economists were muted, however, as the impact of the war in Iran on hiring and near-term policy decisions remains uncertain, leaving implications for Fed outlook and market positioning unclear.

Analysis

Payrolls rose by 178,000 in March and the unemployment rate ticked down to 4.3%, showing continued labor-market resilience. Economists were muted, however, as the impact of the war in Iran on hiring and near-term policy decisions remains uncertain, leaving implications for Fed outlook and market positioning unclear.