U.S. payrolls rise below-forecast 103,000; wage gains pick up

U.S. PAYROLLS rose 103,000 in March. / BLOOMBERG FILE PHOTO/ TIM BOYLE
U.S. PAYROLLS rose 103,000 in March. / BLOOMBERG FILE PHOTO/ TIM BOYLE
NEW YORK - United States hiring cooled by more than forecast in March following a strong February while wages picked up and the unemployment rate remained the lowest since 2000, returning labor-market progress to a more sustainable pace that may keep Federal Reserve policy makers on track for further interest-rate increases. Payrolls rose 103,000, compared with…

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