The US economy is projected to add 135,000 jobs in March 2025, a slight decline from February’s 151,000 gain.
The unemployment rate is expected to remain steady at 4.1%, while wages are forecast to rise 0.3% month-over-month, in line with February’s increase.
However, annual wage growth is anticipated to ease slightly to 3.9% from 4.0%.
The report is likely to highlight the labor market’s resilience, with the resolution of two strikes in March expected to bolster hiring in retail and healthcare.
Meanwhile, the impact of the DOGE layoffs may not yet be fully reflected in the data, as court orders have temporarily kept many federal employees on government payrolls.
Looking ahead, federal spending cuts and tariffs are expected to weigh on job growth in the coming months.
