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Manufacturing industry leads job gains in March, continuing comeback under Trump

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Manufacturing industry leads job gains in March, continuing comeback under Trump

 

Overall, nonfarm payrolls rose 103,000 in March and the unemployment rate held at 4.1 percent, coming up short of Wall Street expectations. Economists had been expecting a payrolls gain of 193,000 and the unemployment rate to decline one-tenth of a point to 4 percent.

The construction industry was the jobs loser for the month, cutting 15,000 jobs in March after adding more than 60,000 in February.

The retail industry — which has fluctuated between net job gains and losses over the past few months — cut 4,400 jobs in March. The government said that employment declined by 13,000 in general merchandise stores, offsetting a gain of the same size in February. Over the past 12 months, employment in retail trade has shown little net change.

Correction: The retail industry cut 4,400 jobs in March. An earlier version misstated the month.