Economy Gains 196,000 Jobs in March; Unemployment Unchanged at 3.8%

The U.S. economy gained 196,000 jobs in March, and the unemployment rate remained unchanged at 3.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Continued lower levels of job growth provide good reason for the Federal Reserve’s Open Market Committee to express caution in considering any interest rate hikes. Last month’s biggest job gains …

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