Unemployment rate in the US fell by one-tenth to 3.5% in March

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This unemployment rate United States of America It decreased by one tenth to 3.5% in March.According to data released this Friday by the Bureau of Labor Statistics (BLS).

in the third month of the year 236,000 new jobs created, 75,000 fewer than in February5.8 million Americans are unemployed.

This slight drop in unemployment comes after the rise in February amid its effects on the US labor market. interest rate hikes by Central Bank (Fed) to curb inflation.

Although still solid data, 236,000 jobs created, below 311,000 in FebruaryAverage job creation of 517,000 in January and also 401,000 in 2022.

The number of unemployed, which was 5.9 million in February, decreased to 5.8 million in March. creating jobs in leisure and hospitality, government and healthcareBLS said.

But jobs were lost in the retail trade, supplies distribution and gardening, and the furniture and white goods trade.

The unemployment rate is 5% for African Americans, 4.6% for Hispanics, 3.2% for Whites and 2.8% for Asians.

US President Joe Biden said in a statement: employment data shows ‘good’ and US economy ‘strong position’.

The president claimed that his policies were valid. achieved a “historic economic recovery”With 12.6 million jobs created since taking power in 2021.

However, the Democratic leader said that Republicans, who hold the majority of the House of Representatives, “risk” economic progress.

These economic data are published in a sensitive economic context, with all eyes on the possible consequences of rate increases for the US labor market.

The Fed announced in March 0.25 point rate increaseBetween 4.75% and 5%, the country is in the midst of the crisis created by the bankruptcy of two banks and the bailout of the third.

It was the ninth rate hike in a year to combat the inflationalthough the increase was less than expected.

The annual inflation rate in the United States continued to decline in February for eight consecutive months, and 6% below four-tenths of January.

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