Breaking: US Nonfarm Payrolls rise by 236,000 in March vs. 240,000 expected

FXStreet Team FXStreet

The data published by the US Bureau of Labor Statistics (BLS) revealed on Friday that Nonfarm Payrolls rose by 236,000 in March. This reading came in slightly lower than the market expectation of 240,000 and followed February's print of 326,000 (revised from 311,000).

Follow our live coverage of market reaction to the US jobs report.

Additional details of the report revealed that the Unemployment Rate ticked down to 3.5% from 3.6% in March and the Labor Force Participation Rate improved to 62.6% from 62.5%. Finally, annual wage inflation, as measure by the Average Hourly Earnings, declined to 4.2% from 4.6%, compared to the analysts' estimate of 4.3%.

Market reaction

The US Dollar Index edged slightly higher with the initial reaction and was last seen rising 0.15% on the day at 102.08. Trading conditions, however, remain thin due to the Easter holiday.

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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