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Topline
As waves of layoffs ripple through the long-booming labor market, the Labor Department’s jobs report on Friday showed a continued slowdown in employment—adding to a slew of signs this week that the economy may be cooling more quickly than believed, potentially risking the hard landing Federal Reserve officials have long tried to avoid.
Key Facts
Total employment increased by 236,000 in March—in line with economist expectations and marking the lowest monthly gain since December 2020, according to data released Friday by the Labor Department.
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