US economy added 178,000 jobs in March, well above expectations

The U.S. economy added jobs in March as the labor market rebounded after it unexpectedly shed jobs a month ago.

The Labor Department on Friday reported that employers added 178,000 jobs in March. That figure was well above the expectations of economists polled by LSEG, who predicted a gain of 60,000 jobs.

The unemployment rate declined slightly to 4.3%, which was slightly lower than the 4.4% projected by LSEG economists.

Revisions were made to the payroll numbers for the prior two months...