Firming U.S. jobs market lures discouraged workers

April 1, 2016 8:44 PM

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Firming U.S. jobs market lures discouraged workers

WASHINGTON U.S. employment increased strongly in March, underscoring the economy's resilience, but an influx of Americans into the labor market could temper nascent wage growth and keep the Federal Reserve cautious about further interest rate increases.

Nonfarm payrolls rose by 215,000 last month and the unemployment rate edged up to 5.0 percent from an eight-year low of 4.9 percent, the Labor Department said on Friday. The jobless rate increased as more people continued to enter or re-enter the labor market, a sign of confidence in the job market.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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