Institutions: The U.S. job market may gradually recover this month after a slowdown in February

Odaily Planet Daily News - The employment situation in the United States may have rebounded in March, following one of the largest declines in employment data since the pandemic. Economists estimate that after experiencing a loss of 92,000 jobs, the month added 60,000 jobs. The unemployment rate is expected to remain at 4.4%. Since May of last year, the number of jobs has not shown growth for several months, indicating a lack of significant hiring momentum in the labor market, but there are also no signs of concerning deterioration. Against this backdrop of limited job opportunities, the war in the Middle East has reignited concerns among Americans about inflation, as gasoline prices have surged. Economists point out that after disappointing employment data in February—where employment in construction and leisure and hospitality sectors may have declined due to weather conditions—March is expected to see a rebound in job numbers. With over 30,000 employees at Kaiser Permanente ending their strike, employment in the healthcare sector may also see growth. (Jin Ten)