The American economy adds 228,000 jobs in March before Trump’s commercial war
The American economy added 228,000 jobs in March just as president Donald TrumpThe announcement of rates on the whole edge has sent the economy in free fall.
The Bureau of Labor Statistics discovered that the unemployment rate Jumping from 4.1 percent to February to 4.2 percent in March. The participation rate of the workforce, which represents the number of people who have a job or are looking for one, has increased by 0.1 percent from 62.4 percent to 62.5 percent.
The White House has advertised the positive employment relationship in a declaration on Friday morning.
“The economy is starting to roar with a strong 228,000 jobs added in March, well before market expectations,” said the press secretary Karoline Leavitt in a note. “The push of the president towards the onshore works here in the United States is working. The golden age of America is coming!”
The White House has specifically celebrated the increase in transport and thehousings, which grew by 23,000 jobs in March. But he also said that the occupation of the buildings has increased, even if the report showed that the number of construction works has changed little.
The report also showed that the health sector has added 54,000 jobs, while social assistance works increased by increase of 24,000 jobs.
Timetable earnings increased by 0.3 percent and wages as a whole have increased by 3.8 percent.
But the report also showed that the jobs of the Federal Government decreased by 4,000 jobs in March, which arrives after the federal government saw a loss of jobs of 11,000 in February.
This comes as the Trump administration, led by the Elon Musk government’s efficiency department (DOGE), has fired numerous federal employees and Trump He tried to close the United States Public Education Department unilaterally without an act of Congress. But the report states that he did not take into account the people who have a paid leave or who have received a severance pay, who are considered employed.
March I saw the greatest number of layoffs From the beginning of the Covid-19 pandemic, largely led by Doge.
In addition to the March report, the Bureau has revised the number of jobs added in February from 151,000 to 117,000, a difference of 34,000 jobs. He also reviewed the number of jobs added in January from 125,000 to 111,000 jobs, a difference of 14,000.
The working numbers represent the month of March, which ended two days before Trump announced his “day of liberation”, in which he announced a 10 % minimum rates on the goods that arrive in the United States.
And that It does not take into account countries like ChinaWhich would have an effective total rate of 54 percent, or Taiwan, which would have a 32 percentage rate. Friday, China announced that she would do it Slave a 34 percentage rate on all US assets.
The announcement Caused the fall of the stocks on ThursdayWith the industrial average Dow Jones dropping by 1,679 points and 1,050 points Nasdaq, its largest one -day drop.
The president said that this would force companies to return manufacturing jobs to the United States. But economists have constantly stated that the cost of rates will fall directly to the consumer.
-Ariana Baio contributed to relationships
