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U.S. Non-Farm Payrolls: the number of jobs in March increased stronger than expected


April, 05 2024
watermark Economic news

According to a report by the US Department of Labor NonFarm Payrolls, in March the number of jobs in the country's economy increased by 303 thousand, which was the highest figure in the last ten months. 


The average forecast of analysts was an increase of 200 thousand. The revised data showed that in February the number of jobs increased by 270 thousand, and not by 275 thousand, as previously reported. 


At the same time, the unemployment rate fell to 3.8% in March, compared with 3.9% in the previous month, which came as a surprise to experts.


Fresh data calmed the labor market and strengthened Joe Biden's chances of being re-elected president. At the same time, polls show that voters disapprove of the economic activities of the head of state, mainly due to the explosive growth of inflation in his first term.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.