US Employers hired at Solid Pace in March

US employers have seemingly given employment at a robust pace in March despite economy has appeared to have witnessed a decline.

Factories face a slowdown and construction activity has dropped. Cheaper oil has caused cutbacks at energy companies. Economists anticipate a 13th straight month of job gains above 200,000 and it is a motivating indication for an economy that's still showing steady gains despite a harsh winter that squeezed growth.

According to Economists, they have anticipated job gain of 248,000 in March and also anticipate that the unemployment rate holds steady at 5.5%%. It has been revealed that employers added 295,000 jobs in February.

Since March 2014, monthly job gains have averaged 274,667. Job report of Friday came after the Federal Reserve indicated last month that it is going to be cautious in increasing interest rates from record lows. Yet, the Fed has to rule out a June rate hike and various analysts anticipate the first increase no earlier than September

"September is most likely. But if we see a string of successively strong job numbers in the next three months, June is in play”, said David Joy, chief market strategist at Ameriprise Financial.

Chair Janet Yellen said at the time Fed starts increasing rates, it will do so only very gradually. A Fed rate climb would point towards stable growth. It has been estimated by the Atlanta Federal Reserve that growth was flat in the starting of 2015.

According to JPMorgan Chase, growth is tracking at an annualized rate of 0.6%. As per experts, those forecasts are considerably below the annual growth rate of 2.2% in the final three months of last year.