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At 103k, US job gains smallest in 6 months in March; wage growth picks up

Nonfarm payrolls increased by 103,000 last month as construction and retail sectors shed jobs, the Labor Department said on Friday

Reuters  |  Washington 

The US economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest rates further this year. Nonfarm payrolls increased by 103,000 last month as construction and retail sectors shed jobs, the Labor Department said on Friday. That was the smallest amount since September and followed a 326,000 surge in February. Temperatures returned to normal in March, with some snowstorms. Job growth is also moderating as the labor market ...

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First Published: Sat, April 07 2018. 02:46 IST
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