ECONOMY

US Hiring Tops Forecasts

The US economy added 228K jobs in March 2025, well above a downwardly revised 117K in February and beating forecasts of 135K. It is the strongest figure in three months, as job gains occurred in health care (54K), social assistance (24K), and in transportation and warehousing (23K).

Employment also increased in retail trade (24K), partially reflecting the return of workers from a strike. Federal government employment declined by 4K, following a loss of 11K jobs in February.

Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; information; financial activities; professional and business services; leisure and hospitality; and other services. With the January and February revisions, employment is 48K lower in those two months than initially reported.

Source: Trading Economics

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