March jobs report surprises

Hiring gains were led by the healthcare and construction sectors, suggesting the labor market remains resilient despite the economic shock of the Iran war.

However, analysts warn that the 'low-hire, low-fire' environment has left new college graduates struggling to find entry-level positions.

The robust data likely removes the possibility of interest rate cuts by the Federal Reserve in the near term.

While the White House celebrated the report as a sign of stability, some economists point to underlying 'rot' in the form of stagnant turnover.