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US Reports Drop in Hiring for March

U.S. hiring slowed in March to a net increase of 126,000 jobs, ending 12 consecutive months of job gains above 200,000 — the longest streak of above-average employment growth since 1994. Job gains in the previous two months were also revised lower by a combined 69,000, according to a report issued Friday by the U.S. Labor Department, but the setback is probably an aberration, said PNC Bank economist Gus Faucher. “We had a number of one-time drags that were factors — in particular, the...

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