U.S jobs growth slows more than expected

  • 7 years ago
The U.S. created just 98,000 new jobs in March, well below market expectations for 180.000 jobs. On the other hand, the unemployment rate fell to a nearly 10-year low of 4.5 percent. Analysts are blaming the weather for the slow growth. "we believe the sharp drop in temperatures and the early-month winter storms will depress payroll growth in weather-sensitive categories. Winter Storm Stella impacted the Midwest and East Coast early in the payroll survey week — and much of the snow that accumulated during the storm did not melt until Thursday or Friday." Goldman Sachs economists