The Ministry of Labor stated on Friday that job growth was stronger than expected in March, which provides at least temporary reassurance that the labor market is stable, according to the Ministry of Labor on Friday.
Non -agricultural salary statements 228,000 for this month increased, up from 117,000 reviews in February and better than Dow Jones for 140,000, according to the Labor Statistics Office.
However, the unemployment rate increased to 4.2 %, which is higher than expectations by 4.1 % with an increase in the workforce sharing rate.
Although the main address number estimates, the report comes against a very unconfirmed background after that Announcing President Donald Trump’s tariff This week has increased fears of a global trade war that may harm economic growth.
Shares It was a little reaction to the reportWith future contracts with the industrial average of Dow Jones, which is still out of more than 1,000 points while the treasury revenues were sharply negative.
“The best job report is expected today to reduce fears of immediate softening in the American labor market,” said Lindsay Rosner, head of the fixed income department in the fixed income field in Goldman Sachs. “However, this number has become a side dish as the market focuses only on Entrée: Definitions.”
Trump has announced a fixed duty of 10 % against all trading partners along with an extensive list of alleged mutual definitions that have already sparked revenge on China and others. Wall Street has been in a powerful sale over the past two days, with shares drop and investors flow on the integrity of fixed income.
Previous indicators have shown that the labor market is escalating, but customs tariff movements raise the possibility that companies retract employment because they evaluate the shape of the new trade scene.
March numbers, though, referred to the labor market, which is still strong, although the charges of January and February have witnessed great declining reviews. In addition to reducing 34,000 from the initial number of February, January growth now is only 111,000, a decrease of 14,000 of the previous estimate.
In March, health care was the leading growth area, consistent with the previous months. The industry added 54,000 jobs, almost completely with an average of 12 months. Other growth areas included social assistance and retail trade, which both added 24,000, while transportation and storage showed 23,000.
Federal government positions have decreased by only 4000, despite the efforts led by Elon Musk, despite the Ministry of Governmental efficiency, to calm the federal workforce. However, BLS noted that the workers at the end of the paid period or leave are calculated as workers. A report on Thursday from Challenger Consulting Company, Gray & Christmas, indicated that DOGE’s demobilization operations have reached more than 275,000 so far.
This is urgent news. Please update for updates.
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