America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation.

The unemployment rate fell to 3.5%, just above the 53-year low of 3.4% set in January.
At the same time, some of the details of Friday’s report from the Labor Department raised the possibility that inflationary pressures might be easing and that the Fed might soon decide to pause its rate hikes.

Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates.

The largest of the cuts that appeared Friday on Tesla’s website were $5,000 per vehicle for the company’s slower-selling more expensive models, the S large sedan and the X big SUV. The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990. The 3 small sedan saw a $1,000 price cut.

Regulators are worried that faucet leaks in Boeing 787 jets could pose a safety hazard by water seeping into the planes’ electronics during flights. The Federal Aviation Administration proposed Friday to order repetitive inspections and, if leaks are found, replacing faucet parts. The move comes after reports of water from lavatories getting under the cabin floor and into electronic equipment bays.