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Non-Farm Employment in the US Exceeded Expectations

In the United States, non-farm employment increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from 4.1% to 4.2%. The US non-farm employment data, closely followed by the markets, has been released. In March, non-farm employment in the US increased by 228,000, exceeding expectations. The unemployment rate in the country rose from 4.1% to 4.2%. Expectations were that employment would increase by 140,000. The unemployment rate was expected to remain unchanged at 4.1%. Employment growth was revised from 125,000 in January to 111,000, and from 151,000 in February to 117,000. Employment in the private sector increased by 209,000, while government employment increased by 19,000. Average hourly earnings increased by 0.25% on a monthly basis. The annual increase was recorded at 3.84%. Expectations were pointing towards monthly earnings increasing by 0.3% and by 3.9% annually.

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