- Non-farm payrolls rise by 431,000 in March, against 490,000 expected.
- February figures revised up from 678,000 to 750,000.
- Unemployment rate falls to 3.6%, the lowest level since February 2020.
The US jobs report showed the economy created 431,000 jobs in March, below the 490,000 expected by market consensus. For the eleventh consecutive month, the figure exceeded 400,000, a historic streak. In February, non-farm payrolls increased by 750,000, revised up from 678,000.
The unemployment rate fell more than expected from 3.8% to 3.6%. This occurred despite the labor participation rate (people with a job and looking for a job) increased from 62.3% to 62.4%. The hourly earnings they were up 0.4% in March and 5.6% from a year ago.
The dollar was appreciated in the market after the data. The treasury bond yields They did not register significant variations for the moment, and remained around the levels they had before the figures. The numbers did not generate surprises. Manufacturing data (ISM and Markit PMI) will be released later on Friday.
Source: Fx Street
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