News Formal

US Labor Market Adds 303k New Jobs in March, Beating Forecasts

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 34 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 66%
  • Publisher: 63%

Economy Nouvelles

US,Labor Market,Jobs Report

The latest Jobs Report (NFPs) shows the US labor market in rude health with 303k new jobs added in March, trouncing forecasts of 200k. The unemployment rate slipped 0.1% lower to 3.8%, while average hourly earnings m/m met forecasts of 0.3%. Nonfarm private payrolls also beat forecasts, 232k compared to 160k.The US dollar index added 30 ticks after the release, continuing Thursday’s late move higher after Federal Reserve member Neel Kashkari openly queried if rate cuts were appropriate this year. Today’s strong labor report will further stoke fears thatmay become stickier than expected, meaning US rates will be left on hold for longer. Market rate cut probabilities were trimmed slightly after the NFP release with the June meeting now seen as just 56/44 in favour of a 25 basis point cut.Gold’s recent rally stalled post-release with a haven still supporting the precious metal as Israel and Iran continue to warn of further military action.Retail trader data shows 43

The latest Jobs Report (NFPs) shows the US labor market in rude health with 303k new jobs added in March, trouncing forecasts of 200k. The unemployment rate slipped 0.1% lower to 3.8%, while average hourly earnings m/m met forecasts of 0.3%. Nonfarm private payrolls also beat forecasts, 232k compared to 160k.

The US dollar index added 30 ticks after the release, continuing Thursday’s late move higher after Federal Reserve member Neel Kashkari openly queried if rate cuts were appropriate this year. Today’s strong labor report will further stoke fears thatmay become stickier than expected, meaning US rates will be left on hold for longer. Market rate cut probabilities were trimmed slightly after the NFP release with the June meeting now seen as just 56/44 in favour of a 25 basis point cut.Gold’s recent rally stalled post-release with a haven still supporting the precious metal as Israel and Iran continue to warn of further military action.Retail trader data shows 4

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 305. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US added 275,000 jobs in February as labor market stays hotRob Wile is a breaking business news reporter for NBC News Digital.
La source: NBCNews - 🏆 10. / 86 Lire la suite »

Labor market tops expectations again: 275,000 jobs added in FebruaryGovernment data shows hiring cooled from January and the unemployment rate rose to 3.9%.
La source: KPIXtv - 🏆 443. / 53 Lire la suite »

Stubbornly High Inflation and Wobbly Jobs Market Pose Threat to U.S. EconomyBank of America's chief market strategist warns that stubbornly high inflation and a wobbly jobs market are combining to pose an ominous threat to the U.S. economy, shifting the narrative from 'Goldilocks' to 'Stagflation.' Recent data indicates that higher prices may be more durable than expected.
La source: CNBC - 🏆 12. / 72 Lire la suite »