U.S. · Federal Reserve (FED) · Donald Trump · Iran · Axios
Call it America's yo-yo job market
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The economy has spent much of the past year lurching between job gains and losses.
Key facts
- The labor market added 178,000 jobs in March, a read of how hiring fared in the early weeks of the Iran war
- Shifting labor market signals complicate the calculus among Federal Reserve officials, who are torn between upside risks to unemployment and inflation
- The economy has spent much of the past year lurching between job gains and losses
- For years, the labor market reliably added jobs every single month, even as hiring cooled
Summary
For years, the labor market reliably added jobs every single month, even as hiring cooled. The economy has entered a more volatile state, with March's blockbuster jobs report arriving in a more unsettling pattern of sharp gains followed by outright losses. What they're saying: "Job growth has alternated from negative to positive every month since May of last year. The labor market added 178,000 jobs in March, a read of how hiring fared in the early weeks of the Iran war.