US Economy Adds 192,000 Jobs in March

The US added 192,000 new jobs in March, in line with expectations, as the unemployment rate held steady at 6.7%.

The US Labor Department also revised the February figure up to 197,000 from 175,000.

Severe weather over the winter did not prevent the monthly average for new jobs from continuing a climb towards pre-economic crisis levels.

Employment grew in health care, and professional and business services, and in mining and logging.

“This employment report should help put to rest fears that the economy was stalling as we entered the new year,” tweeted Justin Wolfers, an economics professor at the University of Michigan.

The jobs figures were broadly in line with economist expectations of 200,000 new posts per month for 2014, while the number of people who were unemployed remained at 10.5 million.

via SOURCE

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza