From the Federal Reserve’s viewpoint, the job numbers for March went in the precise course. The 236,000 new jobs have been just a little decrease than the 238,000 consensus estimates from economists. Unemployment edged down to three.5% from 3.6% in February. With revisions in January’s and February’s numbers, there have been 17,000 fewer jobs than beforehand reported.
It’s a transfer in the precise course from the Fed’s view, because the group’s representatives have repeatedly made clear. Growing variety of jobs means better leverage for workers and firms competing for expertise from a finite labor supply, and that causes greater wages that in concept put upward stress on inflation.
