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The US workforce added 303,000 jobs last month, far more than expected and the 39th straight month of job gains in the US. The unemployment rate dipped to 3.8%.
“Three years ago, I inherited an economy on the brink. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15m jobs created since I took office. That’s 15 million more people who have the dignity and respect that comes with a paycheck,” he said.
Economists had expected the US to add 192,000 jobs for the month. Hiring has remained surprisingly strong despite the Federal Reserve’s attempts to cool inflation by raising interest rates.