FIRST AIRED: April 5, 2019

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00:00:00
eight ounce back in hiring from a dismal showing the month before sue the worries the US economy is headed for recession the labor department announced Friday one hundred and ninety six thousand new jobs were created in March that number top Wall Street expectations the rebound led by hiring on construction sites as well as in the leisure and hospitality industry but the report did provide another snapshot of an economy that is cooling off I'm coming in in New York even with the upper revisions to the hiring figures saw the two months prior hiring so far this year is trending below that of last year and there are other signs in the data that are flashing a caution signal the pain gains seen in the month of March were half of that of which Americans saw the month before the unemployment rate held steady at three point eight percent in March some economists see the signals coming from the labor market as a confirmation the federal reserve did the right thing last month when they decided to end its three year rate hike campaign the thought of interest rates staying low for longer giving Wall Street some extra juice stocks open Friday trading with a rally