The number of self-employed Americans shot up by 132,000 last month from February, and the self-employment rate edged up as well, to 8.6% of all private-sector employment, the U.S. Labor Department said today in its monthly jobs report.
Overall, job growth was stronger than expected, suggesting resiliency in the economy and dashing expectations for an interest-rate cut. The U.S. added 180,000 jobs, “largely because of a rebound in construction hiring, and job growth was stronger in the two prior months than previously thought.”
Photo by MSDesigns.
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