US: Total nonfarm payroll employment increased by 196K in March vs 180K expected

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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