By Nick Baum
SATURDAY – 4/7/18
Despite the growing results of January and February, March proved a slow month for both the creation of jobs as well as economics and progress on the unemployment rate. Only 103,000 jobs were created this month, much lower than January and February.
In January 200,000 jobs were added, and then rose to over 300,000 jobs added in February, a record high since February. Despite the amount of jobs created, the unemployment rate was still held at 4.1%, a forty year low. It will be continued to be held this month as a little over 100,000 jobs were added this month, the fewest in six months.
Despite the news of slower job growth, March’s economic job growth has been defended by many. BET founder Robert L. Johnson credited Trump with bringing many black workers back into the workforce. 2018’s average job growth pace has lowered down to 202,000 jobs per month, but is still higher than 2017’s 176,000 jobs created per month.
Sources: CNN, CNBC, Wall Street Journal, Fortune