U.S. Job Growth Slows in March; Unemployment Rate Holds at 4.1%
WASHINGTON—The pace of hiring slowed in March and the unemployment rate held at a 17-year low, hinting that a tight labor market is making it more difficult for some businesses to find workers.
U.S. nonfarm payrolls rose a seasonally adjusted 103,000 in March, a sharp slowdown from the prior month’s gain, the Labor Department said Friday. The unemployment rate, a seasonally adjusted 4.1%, remained at the lowest level since December 2000 for the sixth straight month. Wages in March grew at just a modest pace.
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