Employment gains in March were broad-based.
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U.S. employment increased solidly in March and wages rebounded, underscoring the economy's resilience, but the Federal Reserve is expected to remain cautious in raising interest rates this year due to slowing global growth.Data for January and February were revised down to show 1,000 fewer jobs created than previously reported.While the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent, it was because more Americans continued to return to the labor force, a sign of confidence in the jobs market.The economy grew at a 1.4 percent rate in the fourth quarter.It has increased 0.6 percentage point since dipping to 62.4 percent in September.A broad measure of unemployment that includes people who want to work but have given up searching and those working part time because they cannot find full-time employment rose to 9.8 percent last month from a more than 7-1/2-year low of 9.7 percent. Mining purged 12,000 more jobs last month.
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