Economic Report: Jobs report shows 236,000 gain in March. Hot labor market shows some hints of cooling

The numbers: The U.S. added a robust 236,000 new jobs in March, defying the Federal Reserve’s hopes for a big slowdown in hiring as the central bank struggles to tame inflation. The consensus economist forecast called for a nonfarm-payrolls expansion of 238,000.

The solid increase in employment last month followed a revised 326,000 gain in February and a gain of 472,000 in January.

While…

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