US job growth sluggish in March

The US economy ended a tumultuous week with disappointing news.

America added 103,000 jobs in March, slower than previous months and well below expectations.

March jobs reportEconomists had predicted 185,000 jobs.

The unemployment rate stayed at 4.1%, the lowest since 2000. It has come down steadily from a peak of 10% in 2009.

Wages grew 2.7% in March compared with a year ago, in line with expectations. Wage growth is one of the few yardsticks in the job market not to pick up meaningfully in recent years.

Job gains for January and February were revised down by a total of 50,000 jobs.

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