US employers added far more jobs than the market expected in March.
The Labor Department said on Friday that nonfarm payrolls grew by 228,000 from February. Market analysts had expected a figure of around 140,000.
The unemployment rate rose by one-tenth of a point to 4.2 percent.
Average hourly wages, a key indicator of inflation, climbed 3.8 percent from a year earlier, and by 0.3 percent from the month before.
The focus now shifts to the possible impact of President Donald Trump's sweeping tariffs.
There are concerns about higher levies triggering stagflation, a combination of inflation and an economic slowdown, in the United States.
The Labor Department said on Friday that nonfarm payrolls grew by 228,000 from February. Market analysts had expected a figure of around 140,000.
The unemployment rate rose by one-tenth of a point to 4.2 percent.
Average hourly wages, a key indicator of inflation, climbed 3.8 percent from a year earlier, and by 0.3 percent from the month before.
The focus now shifts to the possible impact of President Donald Trump's sweeping tariffs.
There are concerns about higher levies triggering stagflation, a combination of inflation and an economic slowdown, in the United States.
Similar Readings (5 items)
US jobs growth in March beats expectations
US economy adds fewer jobs than expected
US job growth far outpaces forecast in January
US jobs market beats expectations in May
Strong US jobs data sends dollar higher
Summary
In March, U.S. employers surpassed expectations by adding 228,000 jobs, according to the Labor Department. Market analysts had anticipated around 140,000 job additions. The unemployment rate rose slightly to 4.2%. Average hourly wages increased by 3.8% year-on-year and 0.3% month-over-month.
Statistics
104
Words1
Read CountDetails
ID: da3d2c4a-c1b0-4deb-9e77-8fee15304c55
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250405_03/
Date: April 5, 2025
Created: 2025/04/06 07:00
Updated: 2025/12/08 05:03
Last Read: 2025/04/06 12:10