The U.S. economy added 431,000 new jobs in March, falling short of the market estimate of 490,000, according to new data from the Bureau of Labor Statistics (BLS). This is down from the 750,000 positions created in February. The unemployment rate fell to 3.6 percent, better than economists’ expectations of 3.7 percent. The average hourly wage for all employees rose by 13 cents to $31.73 in March. Over the past 12 months, average hourly wages have climbed by 5.6 percent. Average weekly hours dipped to 34.6, and the labor force participation rate edged up to 62.4 percent. Employment gains were broad-based, led by leisure and hospitality (+153,000), professional and business services (+119,000), construction (+100,000), and transportation and warehousing (+50,100). The latest U.S. government numbers come after the Automatic Data Processing (ADP) reported that private businesses added 455,000 workers in March, topping the market estimate of 450,000. ADP data highlighted broad-based …