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Geographic Solutions’ data is signaling further softening in the number of new jobs in April.
The March Labor Market Report shows that job growth has slowed. Although fewer, the representation remained a solid expansion, with an increase in the labor force participation rate.
Although the gains were smaller than the surprising 504,000 new jobs in January, the performance in February was still strong.
Employment in the U.S. rose by 517,000 jobs, the largest gain since July last year.
Employment in the region is only a few hundred jobs away from reaching its pre-pandemic high of 79,000 jobs in February 2020.