The Trump Administration announced that the U.S. economy created 228,000 jobs in March, surpassing analysts' expectations, who had predicted an increase of nearly 100,000 positions.
This increase in private payrolls represents the fourth largest monthly growth in the last two years.
"The employment report for March exceeded expectations with 228,000 jobs added. The Golden Age has begun!" expressed Donald Trump on his X account.
Despite this growth, the unemployment rate remained virtually unchanged, with only a slight increase, reaching 4.2% in March, one-tenth higher than the 4.1% recorded in February.
The private sector was the main driver of this growth, with an increase of 209,000 jobs, significantly surpassing the monthly average of 124,000 positions created prior to the November elections. Among the areas that saw notable increases are:
Retail: over 23,700 jobs
Transport and storage: over 22,900 jobs
Construction: over 13,000 jobs
On its part, employment in the federal government decreased, something predictable amid the wave of massive cuts being implemented by the government.
According to a report published on Thursday by the employment consulting firm Challenger, Gray & Christmas, the Department of Government Efficiency (DOGE) led by Elon Musk rescinded around 216,000 contracts in the federal workforce in March.
On the other hand, although wages showed an increase over the last year, with a rise of nearly 4% in nominal hourly wages, the data from March indicates a slowdown in that growth.
Trump was ecstatic about this data.
"Excellent work numbers, much better than expected. It's already working. Hang in there, we can't lose!" he wrote on his Truth Social network.
However, experts point out that we must wait to see the impact that the tariffs imposed by the White House will have on the labor market, while fears of an economic recession grow.
Frequently Asked Questions about Employment Growth during the Trump Administration and Its Implications
How has employment growth in March been under the Trump Administration?
In March, the economy of the United States created 228,000 jobs, exceeding the expectations of analysts who had predicted an increase of nearly 100,000 positions. This increase represents the fourth largest monthly growth in the past two years.
What sectors have driven this employment growth in the U.S.?
The private sector has been the main driver of growth, with an increase of 209,000 jobs. Areas such as retail, transportation and storage, and construction have experienced significant increases, while employment in the federal government has declined due to massive cuts.
How has job growth affected the unemployment rate in the U.S.?
Despite the growth in job creation, the unemployment rate remained virtually unchanged, with a slight increase from 4.1% in February to 4.2% in March. This indicates that job growth has not been sufficient to significantly reduce unemployment.
What has been Elon Musk's role in the federal government under the Trump administration?
Elon Musk leads the Department of Government Efficiency (DOGE), responsible for reducing public spending. Musk has implemented a series of massive cuts to the federal workforce, which has generated controversy and criticism for the impact on the functioning of government agencies and labor rights.
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