Hiring Rebounds As US Adds A Solid 196,000 Jobs

A bilingual help wanted sign for Auto Zone, a retailer of aftermarket automotive parts and accessories, is posted outside the store in Canton, Miss., Thursday, Sept. 27, 2018. The central Mississippi city has a growing Spanish-speaking population and some merchants are actively recruiting bilingual counter help. (AP Photo/Rogelio V. Solis)
FILE- In this Sept. 27, 2018, file photo a bilingual help wanted sign for Auto Zone, a retailer of aftermarket automotive parts and accessories, is posted outside the store in Canton, Miss. Another healthy picture of... FILE- In this Sept. 27, 2018, file photo a bilingual help wanted sign for Auto Zone, a retailer of aftermarket automotive parts and accessories, is posted outside the store in Canton, Miss. Another healthy picture of hiring is expected when the U.S. government issues its September jobs report Friday, Oct. 5. (AP Photo/Rogelio V. Solis, File) MORE LESS

WASHINGTON (AP) — Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs the economy is slowing.

The Labor Department says the unemployment rate stayed at 3.8%, near the lowest level in almost 50 years. Wage growth slowed a bit, as average hourly pay increased 3.2% from a year earlier. That is down from February’s gain of 3.4%, which was the best in a decade.

The figures suggest that February’s meager job growth, which was revised to 33,000 from an initial 20,000, was a temporary blip and that businesses are confident the economy remains on a firm footing. Still, the U.S. faces several challenges, including cautious consumers, slower growth in business investment, and a U.S.-China trade war that is contributing to slower growth overseas.

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