(Finance) – They rise more than expected non-farm payrolls in March, a widely observed indicator for understanding the health of the US labor market. According to data provided by Bureau of Labor Statisticsthe unemployment rate fell to 3.8%, compared to 3.9% in the previous month and the consensus.
303 thousand jobs were added in non-agricultural sectors (non-farm payrolls), after 270 thousand pay slips had been created in February (figure revised from 275 thousand). The data on employed people, more closely observed than the unemployment rate, is higher than market expectations which indicated an increase of 212 thousand jobs.
The data is above expectations also in the private sector: 232 thousand jobs were created, compared to the 207 thousand revised in February and the 160 expected by the market.
Those employed in the manufacturing sector they remained unchanged against an increase of 5 thousand units estimated by consensus and compared with the revised -10 thousand of the previous month.
The average hourly wages they stood at 34.4 dollars, recording an increase of 0.3% on the month and 4.1% on the year (against expectations for a +0.3 m/m and +4.1% y/y) after the +0.2% monthly and +4.3% trend recorded in February. Average hourly wages are carefully monitored by the Federal Reserve as a good indicator of both the health of the labor market and inflationary pressures.