Employment growth was stronger than expected in March, ensuring at least temporary that the labor market is stable, the Labor Department reported on Friday.
Non -agricultural payrolls increased by 228,000 for the month, against 117,000 revised in February and better than Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics.
However, the unemployment rate increased to 4.2%, higher than forecasts of 4.1%, as the labor stake rate has also increased.
Although the title number beats estimates, the report approaches a very uncertain backdrop after Price announcement of President Donald Trump This week, which has intensified the fears of a world trade war that could affect economic growth.
Actions reacted little to the reportWith term contracts linked to the industrial average of Dow Jones out of their stockings, but still down more than 900 points while treasury yields are very negative.
“The Better report that expected for jobs will help facilitate fears of immediate softening on the US labor market,” said Lindsay Rosner, head of multiseror fixed income titles at Goldman Sachs Asset Management. “However, this number has become an accompanying dish, the market focused only on the entrance: prices.”
Asset announced a stable duty of 10% compared to all trade partners as well as a large menu of so -called reciprocal prices which have already caused reprisals from China and others. Wall Street has been aggressively in sales mode for two days, the shares falling below and investors flowing into the security of fixed income securities.
In a Post on social truthThe president said “excellent employment figures, much better than expected. It is already working. Hanging hard, we cannot lose !!!”
Previous indicators have shown that the labor market is held, but tariff movements increase the possibility that businesses are held when hiring when they assess the new commercial landscape.
The numbers of March, however, underlined an still strong labor market, although the January and February count has experienced substantial decline revisions. In addition to the decrease of 34,000 compared to the initial number of February, the growth of January is now at only 111,000, down 14,000 compared to the previous estimate.
The average hourly profits increased by 0.3% over the month, in accordance with forecasts, while the annual rate of 3.8% was 0.1 percentage point lower than the lowest estimate and level since July 2024. The average work week was unchanged at 34.2 hours.
For March, health care was the main growth area, in accordance with previous months. The industry added 54,000 jobs, almost exactly in accordance with its 12 -month average. Other growth areas included social assistance and retail, which have both added 24,000, while transport and storage showed an increase of 23,000.
Federal government posts have decreased by only 4,000 Elon Musk-The efforts directed, through the so-called Ministry of Government Effectiveness, to reduce the federal workforce. However, BLS noted that workers in compensation or paid leave are counted as employees. A report Thursday From the Challenger consulting company, Gray & Christmas said that the dismissals linked to the DOGE have totaled more than 275,000 so far.
“Although the Friday job report has shown that the economy always adds jobs even with pricing uncertainty and federal job deletions, data is behind and say nothing about the way employers could get by in the coming months,” said Glen Smith, director of investments at GDS Wealth Management.
A wider unemployment indicator that includes those who do not seek work as well as workers with part -time jobs for economic reasons – the underemployed – dropped to 7.9%.
The household survey, which is used to determine the unemployment rate, was closely in accordance with the establishment's number of salary because it has shown a gain of 201,000 workers. In addition, full -time workers increased by 459,000, while partial times fell by 44,000.
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