The U.S. economy added 196,000 jobs in March, while the unemployment rate held at 3.8%
The unemployment rate is expected to hold near a half-century low, signaling the labor market remains
. That is good news for job seekers, with the possibility of plentiful openings and often better pay. It isn’t necessarily great news for the economy.the workers they need, output could slow, crimping the pace of economic growth. Keep in mind, the unemployment rate tends to be a lagging indicator. In the most recent business cycle, unemployment touched a low in May 2007, a time when cracks in the housing market and financial sector had already formed.
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