Jobless rate dips to 3.6% as U.S. employers added 431,000 jobs in March

The U.S. job market powered on in March, with robust hiring pulling the unemployment rate close to its pre-pandemic level.

Payrolls grew by 431,000 in March, driven by increased hiring in leisure and hospitality as well as professional and business services, the Labor Department reported Friday.

The unemployment rate fell to 3.6%, from 3.8% the previous month. The rate fell for most demographic groups, but ticked up slightly for White men and Latino men.