Mumbai, April 6 -- The US labor market showed signs of recovery in March, with stronger-than-expected job creation, though overall growth remained modest.
Nonfarm payrolls increased by 178,000 during the month, bouncing back from a revised decline of 133,000 in February and beating expectations. However, revisions to earlier data showed a mixed trend, with February's numbers lowered and January's slightly increased, bringing the three-month average to about 68,000 jobs-indicating slower overall hiring.
The unemployment rate dipped to 4.3%, but this was mainly due to a sharp drop in the number of people participating in the workforce. Around 396,000 people left the labor force, pushing the participation rate down to 61.9%, its lowest level...