Institutions: The U.S. job market may gradually recover this month after the slowdown in February.

According to Jinshi, on March 29, the employment situation in the U.S. may have improved in March, following one of the largest declines in employment data since the pandemic. Economists estimate that after experiencing a reduction of 92,000 jobs, the month saw the addition of 60,000 jobs. The unemployment rate is expected to remain at 4.4%. Since May of last year, employment numbers have not shown growth for several months, indicating a lack of significant hiring momentum in the labor market, but there are also no signs of alarming deterioration. Against this backdrop of limited job opportunities, the war in the Middle East has reignited Americans’ concerns about inflation, as gasoline prices have surged. Economists point out that after disappointing employment data in February—where employment in construction and leisure and hospitality may have declined due to weather conditions—employment numbers in March are expected to rebound. With over 30,000 employees of Kaiser Permanente ending their strike, employment in the healthcare sector may also see an increase. (Jinshi)