Exceeding expectations.. The United States records job growth
Statistics released Friday showed that achieved unexpected growth in In the month of March, in a remarkable development that US President Donald Trump praised, but some analysts viewed it with caution.
The US Department of Labor reported that the largest economy in the world added 178,000 jobs in March after it had lost 133,000 in February, bringing the unemployment rate down by 0.1 percentage point, recording 4.3%.
The American Economy
Friday’s data exceeded the expectations of analysts including Dow Jones Newswire and the Wall Street Journal. They polled their opinions, but their expectations did not exceed an addition of 59,000 jobs.
Trump praised these numbers and considered them a success for his economic policies.
He wrote on his Truth Social platform: "My economic policies have created a very powerful engine for economic growth, and nothing can slow it down"praising the number of jobs that have been created in the private sector.
Rise in oil prices
Earlier, White House spokesman Kush Desai stated that once the "Short-term disturbances" resulting from the American-Israeli war on Iran, "The US economic recovery will accelerate" rose sharply and disrupted supply chains, raising fears of a global economic slowdown.
Analysts pointed out the need to be cautious and watch for the economic repercussions of the war to begin to appear.
Job Growth
said Nancy Vanden Houten, chief economist at the Foundation "Oxford Economics"The data was stronger than expected, "But it significantly overestimates the pace of sustainable job growth".
She warned that the report "It does not change our assessment that downside risks to the labor market have increased" Because of the war.
She added "With the decline in the labor market as a result of the repercussions of the war, we expect a slight increase in the unemployment rate".
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