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Economic Research: The March Jobs Report: The Wind At Its Back

U.S. nonfarm payrolls increased by 431,000, with a net 95,000 job gains the prior two months, according to the Bureau of Labor Statistics' (BLS) March jobs report. This underscores a strong economy. The report also puts the Fed on solid ground to act, confident that the U.S. economy can absorb tighter Fed policy and still grow.