US economy adds 303,000 jobs, unemployment falls to 3.8% in March as labor market continues to impress

- US economy added 303,000 jobs in March with a decrease in the unemployment rate to 3.8% - Data from Bureau of Labor Statistics showed better job additions than expected - Wall Street looked at key numbers compared to the previous month, including nonfarm payrolls, unemployment rate, average hourly earnings - Federal Reserve Chair Jerome Powell expects interest rate cuts later this year - Other data reflected a still-resilient labor market, with JOLTS showing uptick in job openings and hires - Oxford Economics economist Nancy Vanden Houten noted a healthy labor market - Stock market news and analysis available on Yahoo Finance - Trending news includes soccer, earnings season, stock futures bouncing, ESG pioneer Mary Jane McQuillen, and Brazil's nominal deficit - Reporter Josh Schafer from Yahoo Finance covers the article