The report issued by the United States Bureau of Labor Statistics a moment ago showed that 431,000 jobs were added in March, compared to the addition of 678 thousand jobs in February, to come below market expectations, which indicated the creation of jobs estimated at 492 thousand jobs.
On the other hand, unemployment rates declined by about 0.2% to 3.6%, while expectations had indicated a decline to 3.7%, coinciding with the decline in labor force participation rates to 60.1% in March.
Average hourly wages settled in March at 0.4% at a monthly pace, while it rose to 5.6% on an annual basis compared to 5.2% in February, exceeding expectations.
In the details of the sectors, the commodity production sector added about 60 thousand jobs, while the construction sector added 19 thousand jobs, the manufacturing sector added about 38 thousand jobs, and the services sector added about 366 thousand jobs.
The US dollar has recorded gains since the beginning of the session, by about 0.20%, when it is trading at 98.53 levels now, an hour before the US markets open at.
02/11/2024
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