4/10: MetroIntelligence Economic Update by P. DUFFY

March job growth dips to 103,000, unemployment rate unchanged at 4.1 percent

Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent.   This was the lowest rate of job growth since September 2017. Employment increased in manufacturing, health care, and mining.



February consumer credit use grew by sluggish rate, especially for credit cards

Consumer borrowing increased at a sluggish pace in February, increasing $10.6 billion in February vs. $15.1 expected, and posting an annual growth rate of 3.3%.


February trade deficit widens to highest level since October 2008

The goods and services deficit was $57.6 billion in February, up $0.9 billion from $56.7 billion in January.  This is the highest U.S. trade deficit since October 2008.


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