Summary:
BLS reported a 275k rise in nonfarm payrolls, with the jobless rate at 3.9%. Economists expected 198k new jobs, according to Dow Jones' survey.
March NFP
5/4/2024 (Fri)
Previous (Feb)：275k Forecast: 200k
Nonfarm payrolls increased by 275k for the month while the jobless rate moved higher to 3.9%, the BLS reported. Economists surveyed by Dow Jones had been looking for payroll growth of 198k.
February was a step higher in growth from January, which saw a steep downward revision to 229k. Meanwhile, average hourly earnings showed a deceleration from a year ago.
Fed Chair Jerome Powell used his opening statement at March’s press conference to declare that a surprise increase in unemployment could prompt the Fed to lower rates.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
US stock indexes fell Monday, with Nasdaq 100 down 3.8%, as concerns rise that Trump's tariffs could lead to a global recession.
2025-03-11
The euro rose after its best week since 2009, boosted by Germany's fiscal reforms. US job growth picked up, but tariffs show impact.
2025-03-10
US added 143,000 jobs in January, with the unemployment rate dropping to 4%, below the expected 175,000 rise, per the BLS.
2025-03-07
