March Jobs Surge Beats Forecasts, But Wage Growth Sparks Inflation Concerns The latest March jobs report outperformed expectations, adding 303,000 jobs to the U.S. economy, significantly above the forecasted 214,000, and lowering the unemployment rate to 3.8%. In a discussion on Yahoo Finance, experts Dana Peterson and Brian Levitt analyze the implications for the Federal Reserve’s interest rate decisions, emphasizing the double-edged sword of wage growth. While wages remain elevated at 4% compared to the pre-pandemic average of just under 3%, indicating potential inflationary pressures, there is a silver lining with the slowdown in housing inflation. Nonetheless, the persistent high wage growth poses challenges to controlling consumer inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell: Fed May Cut Rates Before Inflation Hits 2% Target READ MORE CBO Raises 2024 US Budget Deficit Forecast by 27% to Nearly $2 Trillion READ MORE China Pledges Response to Biden Administration’s Expanded Tariffs READ MORE Federal Reserve Signals Economic Pivot with Anticipated Rate Reduction READ MORE Gold Investors Eye Friday's Payrolls Data for Fed Policy Clues READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment