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U.S. adds 178k jobs in 'strong' March report amid Iran conflict

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(The Center Square) - The U.S. economy added 178,000 jobs in March, exceeding expectations, after one month of conflict between the United States and Iran. The unemployment rate dropped to 4.3%, according to a new report from the U.S Bureau of Labor Statistics on Friday. 

The March job's report shows a significant uptick from Februrary's "dismal" loss of 133,000 jobs. The healthcare, construction, transportation and warehousing industries drove most of the increases in March. 

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The OPEC+ oil cartel agreed on Sunday to again increase oil production quotas, while warning that repairing energy facilities, such as those damaged in the Middle East war, is "costly and takes a long time".

 

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

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