Lates News

The rebound in U.S. employment growth in March exceeded expectations, due to the end of strikes in the healthcare industry and the return of warmer temperatures. At the same time, the unemployment rate fell to 4.3%, but with increasing downside risks in the labor market due to uncertainties about the prospect of war with Iran. The highly anticipated employment report released by the U.S. Bureau of Labor Statistics on Friday showed an increase of 178,000 nonfarm payroll jobs last month, far exceeding market expectations of 60,000, with the February data revised downward to a decrease of 133,000. The March unemployment rate of 4.3% was also lower than market expectations. Economists widely expected a rebound in the job market in March following the end of strikes. The unemployment of over 30,000 healthcare workers in February and severe winter weather led to a significant decrease in the unemployment rate. This strong growth may further heighten the Federal Reserve's concern about inflation risks, as the rapid increase in energy prices caused by the Middle East conflict has exacerbated these concerns. Wage growth was primarily driven by an increase in employment in the healthcare industry, which saw a recovery after the strikes ended. The construction, leisure and hospitality industries also rebounded after a decline in February, which may reflect an economic recovery related to weather conditions.