US job growth rebounded sharply in March — as a strike by healthcare workers ended and temperatures warmed up — with nonfarm payrolls increasing by 178,000 and the unemployment rate falling to 4.3%. But the underlying data reveals systemic issues that may trigger a sharp downturn as early as April. Against this backdrop, a recent assessment by US Federal Reserve Chair Jerome Powell has gone viral. “Effectively, there’s zero net job creation in the private sector. But actually, that looks like that’s about what the economy needs in terms of dealing with very, very low…non-existent, really…growth in the labour force.