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Jobs Friday: Chillaxing Edition

NPR

Happy Jobs Friday! Employers added 196,000 jobs to the economy in March, the Bureau of Labor Statistics reported today. The unemployment rate is 3.8%, and wages grew by 3.2% since last March.

Plus, middle and high-wage industries have faster jobs growth than low-wage ones, but low-wage industries are seeing faster wage growth.

All of this is a reminder that the economy is continuing to grow — even if the rate of that growth is slowing. That's good...right?

Music: "Daisy Chain".

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Copyright 2021 NPR. To see more, visit https://www.npr.org.

Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; she's traveled to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and she's spoken with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.
Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.
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