WASHINGTON – U.S. employers maintained a strong pace of hiring in March, pushing the unemployment rate back down to 3.5 percen and signaling labor market resilience that will keep the Federal Reserve on track to raise interest rates one more time next month. The Labor Department's closely watched employment report on Friday showed that annual wage gains slowed but remained too high to be consistent with the U.S. central bank's 2 percent inflation target. The release capped a week dominated by data, including upward revisions to the weekly state unemployment and continuing claims, that had suggested labor market conditions were easing.

https://business.inquirer.net/395031/us-economy-still-churning-out-jobs-at-brisk-clip-wage-pressures-subsiding

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