Regularly slowing job features and a rising labor drive in March delivered welcome information to President Biden, practically a 12 months after he declared that the job market wanted to chill considerably to tame excessive costs.

“It is a good jobs report for hard-working People,” Mr. Biden stated in a written assertion on Friday morning.

However analysts warned that the approaching months might deliver a way more fast deceleration in hiring, as banks pull again on lending within the wake of the federal government bailout of…

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