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Jobs report set to offer key gauge of economy amid war with Iran

ABC News: Top Stories·ABC News: Top Stories·about 2 months ago
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A jobs report on Friday will provide a key gauge of U.S. economic health as the nation weathers a global oil shock set off by the war with Iran. The government data -- which details hiring in March -- is set to arrive as the war drives up gasoline prices and borrowing costs, threatening a drag on the economy. Economists expect employers to have added 59,000 jobs in March, which would mark tepid but improved performance after 92,000 jobs were lost in the previous month . The U.S. added an average of about 15,000 jobs per month in 2025, U.S. Bureau of Labor Statistics (BLS) data showed. That performance amounted to a sharp slowdown from 186,000 jobs added each month in 2024. The U.S.-Israeli war with Iran, which began on Feb. 28, triggered one of the worst global oil shocks in decades, prompting gloomy forecasts on Wall Street of a potential U.S. recession over the coming months.…

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