178,000 New Jobs in March

Grokmaster

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As of April 2026, the U.S. labor market showed surprising strength with 178,000 new nonfarm payroll jobs added in March, surpassing expectations and rebounding from a weak February. The national unemployment rate ticked down to 4.3%, according to the Bureau of Labor Statistics.
Key March 2026 Employment Data (from BLS):
  • Nonfarm Payrolls: +178,000
  • Unemployment Rate: 4.3%
  • Average Hourly Earnings: +$0.09
  • Job Gains: Primarily in healthcare (+76,000), construction, and transportation/warehousing



Not bad at all.
 
Nonfarm Payrolls: +178,000... Not bad at all.
Neutral is historically considered 150k, so that is just 28k above neutral. There is population growth, so even to stand still, we need to have more jobs.

35k of that is strikers returning to work. They are counted as new jobs, but they are just people returning to jobs they already have. Without that the number is 143k, or below the 150k.

trump's economy continues to tread water. Now we will see how it reacts to an oil crisis.
 
Neutral is historically considered 150k, so that is just 28k above neutral. There is population growth, so even to stand still, we need to have more jobs.

35k of that is strikers returning to work. They are counted as new jobs, but they are just people returning to jobs they already have. Without that the number is 143k, or below the 150k.

trump's economy continues to tread water. Now we will see how it reacts to an oil crisis.
It is not bloated with a lot of government jobs.
 
Neutral is historically considered 150k, so that is just 28k above neutral. There is population growth, so even to stand still, we need to have more jobs.

35k of that is strikers returning to work. They are counted as new jobs, but they are just people returning to jobs they already have. Without that the number is 143k, or below the 150k.

trump's economy continues to tread water. Now we will see how it reacts to an oil crisis.
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