US economy added 303,000 jobs in March [Video]

WASHINGTON — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.

Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that economists had forecast for March. By any measure, it amounted to a strong burst of hiring, and it reflected the economy’s ability to withstand the pressure of high borrowing costs resulting from the Federal Reserve’s interest rate hikes. With the nation’s consumers continuing to spend, many employers have kept hiring to meet steady customer demand.

Friday’s report from the Labor Department also showed that the unemployment rate dipped from 3.9% to 3.8%.The jobless rate has now come in below 4% for 26 straight months, …