Key bit: The U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain that hints growth in the economy is ready for a revival.
Hiring increased in most major segments of the economy, most notably health care and white-collar firms. The flush of new jobs kept the unemployment rate near a 50-year low of 3.8%, the Labor Department said.
The rebound in hiring might temper unease about the economy after a rocky start in 2019. Although a spate of large companies have announced layoffs recently, most firms are still looking to hire. One of their chronic complaints: A shortage of skilled labor.
The increase exceeded the 179,000 forecast of economists surveyed by MarketWatch.
We’ll continue to ignore the gloom and doomers…
Read the whole thing: www.marketwatch.com