FX.co ★ US Jobs Report to Signal Continued Labor Market Strength

In March 2025, the United States economy is expected to see an addition of 135,000 jobs, marking a slight decrease from the 151,000 jobs added in February. The unemployment rate is anticipated to remain at a steady 4.1%. Wage growth is projected to increase by 0.3% from the previous month, maintaining the same pace as February. However, annual wage growth is predicted to slightly decrease to 3.9% from 4.0%. This report is poised to underscore the labor market's resilience, with the resolution of two strikes in March likely to drive hiring in the retail and healthcare sectors. Conversely, the effects of the DOGE layoffs may not yet be fully apparent, due to court orders that have temporarily kept numerous federal employees on the government payroll. Looking forward, anticipated cuts in federal spending and the imposition of tariffs could potentially hinder job growth in the months to come.