Washington, April 04 (QNA) - The US economy recorded stronger-than-expected job growth in March, contributing to a 0.1 percentage point decline in the unemployment rate to 4.3%.
The US Department of Labor reported that the world's largest economy added 178,000 jobs in March, after losing 133,000 in February.
US President Donald Trump commented on the results in a Truth Social post, noting that his economic policies had created a very strong engine for economic growth and that nothing could slow it down, while also praising the number of jobs created in the private sector.
Despite these figures, analysts urged caution and called for close monitoring of the potential economic impact of the escalation in the Middle East. They said the data came in stronger than expected but significantly overestimated the pace of sustainable job growth, especially since their forecasts had not exceeded 59,000 jobs.
Earlier, White House spokesperson Kush Desai had stated that once the short-term disruptions caused by the war in the Middle East subside, the US economic recovery would accelerate.
It is worth noting that the escalation in the Middle East has led to a sharp rise in oil prices and disruptions in supply chains, raising concerns about a potential global economic slowdown. (QNA)