The labor market springs back to life in March as employers add 178,000 jobs

U.S. employers added 178,000 jobs in March, reversing February's losses, with gains led by health care and hospitality. The rebound points to continued labor-market resilience, which could moderate downside risk to growth and maintain upward pressure on monetary policy if the trend persists.

Analysis

U.S. employers added 178,000 jobs in March, reversing February's losses, with gains led by health care and hospitality. The rebound points to continued labor-market resilience, which could moderate downside risk to growth and maintain upward pressure on monetary policy if the trend persists.