Unemployment rate: +5.8% vs. +5.8%e
Full time employment change: -6.4k vs. +5.4ke
Part time employment: -0.9k vs. +7.0ke
The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business.
The index advanced to the 97.40 region today, or fresh highs, after the US economy added 196K jobs during last month, more than initially forecasted. February’s report has been revised higher to 33K jobs from 20K jobs.
Further data saw Average Hourly Earnings – a proxy for wage inflation – expanding at a monthly 0.1% and 3.2% from a year earlier, missing consensus.
In the meantime, the greenback is on the way to close the second consecutive week with gains, fully recovering from multi-week lows in the vicinity of 95.70 seen after March’s FOMC meeting.
