Better-than-expected NFP figures

April 02, 2021
Better-than-expected NFP figures

The non-farm payrolls surged in March

Bureau of Labor Statistics revealed today that in the past month, 916K jobs were created. The figures are impressive because they topped the 652K expected and because in the past week alone, 719K filed for the first time for unemployment benefits.

According to specialists, the vaccination programs and the recent economic growth helped the hiring process.

Leisure and hospitality reported the most jobs – 280K, followed by bars and restaurants with 176K, and the entertainment and recreation sector with 64K.

The unemployment rate was in line with expectations – at 6%.

Following the news, USA30 and USA500 went up more than 0.60%.

Sources: cnbc.com, forexfactory.com

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