EXCLUSIVE: Job Growth Slows Down in March

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

Published by

Nick

Hey, I'm head of The Daily Nick. Other interests include soccer, photography, and arguing with people who disagree with me.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s