US: Total nonfarm payroll employment increased by 196K in March vs 180K expected
|Total nonfarm payroll employment increased by 196,000 in March, and the unemployment rate was unchanged at 3.8 percent," the U.S. Bureau of Labor Statistics reported on Friday.
Key takeaways from the press release
- The number of unemployed persons was essentially unchanged at 6.2 million.
- The labor force participation rate, at 63.0 percent, was little changed over the month and has shown little movement on net over the past 12 months.
- The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in March.
- In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February.
- Over the past 12 months, average hourly earnings have increased by 3.2 percent.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.