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March jobs report to show updated view of fragile labor market as war unfolded [Yahoo! Finance]
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Economists surveyed by Bloomberg expect a gain of 65,000 jobs, reversing February's surprise drop of 95,000 positions amid a massive strike of healthcare workers . That monthly gain would also be in line with last March and likely sufficient for “breakeven employment” growth, or the number of jobs needed to maintain a steady unemployment rate as immigration plummets. Indeed, the unemployment rate, which rose to 4.4% in February, is seen holding steady. Anxiety is swirling about AI-related job displacement , a remarkably weak hiring rate , and any added uncertainty the war might bring to already jittery employers. So far, though, data shows the labor market is chugging along as it has been for months — not exactly reassuring to those looking for work, but also nothing catastrophic. A "now hiring" sign is posted in the window of a restaurant in Miami, Fla. (Joe Raedle/Getty Images) · Joe Raedle via Getty Images Applications for jobless benefits continue to remain relatively l
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- March jobs report to show updated view of fragile labor market as war unfolded [Yahoo! Finance Canada][Yahoo! Finance Canada]
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