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The US economy generated 196,000 jobs last month, up sharply from the 33,000 jobs created in February 2019, the Labor Department said on Friday. For its part, the unemployment rate remained unchanged at 3.8%, reflecting the good shape of the US economy, which recorded its 102nd consecutive month of job creation.
Job creation has been relatively evenly distributed across sectors. Thus, the health sector generated the most jobs in March with 49,000 new workers, followed by technical and professional services (34,000 jobs), food (27,000) and construction (16,000).
The manufacturing sector lost 6,000 jobs. Average hourly wages, meanwhile, appreciated by 3.2% year-on-year, as the US economy goes through one of its largest ever expansion periods, with a record of 21 million created since 2010.
