1. Slowing Job Growth Tests Economy.
- Author
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LEUSDORF, BEN
- Subjects
- *
JOB creation , *UNEMPLOYMENT statistics , *UNEMPLOYMENT , *WAGES , *LABOR supply ,UNITED States economy, 2009-2017 - Abstract
The article discusses a report on unemployment and job creation in the U.S. during March 2015 from the U.S. Labor Department. The unemployment rate remained unchanged at 5.5% as a net new 126,000 jobs were created, a figure less than half the monthly average for the final quarter of 2014. Average hourly wages grew 0.3% from the previous month, and the labor participation rate fell to its lowest level since 1978. Consideration is given to how the report could affect Federal Reserve policy.
- Published
- 2015