Job growth in the United States in March turned out to be stronger than preliminary expectations regarding the pace of the dynamic of this process, which could potentially generate at least temporary confidence that the situation in the US labor market is stable.
Nonfarm payrolls increased by 228,000 for the month, up from the revised 117,000 in February. The relevant information was published on Friday, April 4, by the United States Bureau of Labor Statistics. It is worth noting that the March result surpassed the Dow Jones estimate of 140,000.
The unemployment rate in the United States last month was recorded at the 4.2% mark. At the same time, the forecast stipulated that this figure would be 4.1%. The March result is largely due to the increased labor force participation rate.
The report on the situation in the US employment area is generally positive, but the relevant data is faced with high uncertainty, which became an objective reality after at the current week, the President of the United States, Donald Trump, announced reciprocal tariffs. Against this background, fears of a trade war have intensified, which will be a blow to economic growth. The relevant perspective is relevant, including for the United States.
It is worth noting that stocks barely reacted to the data released on Friday on the situation in the US employment area. The futures tied to the Dow Jones Industrial Average were able to partially recover after falling to lows, but their decline in recent days still has been more than 900 points.
