PT Solid Gold Berjangka | US Payroll Gains and Unemployment Rate Both Pick Up at Same Time
Ekonomi AS Unemployment Rate Average Hourly Earnings Non-Farm Employment Change PT SGB Solid Gold Berjangka SG Berjangka Solid Group
Solid Gold Berjangka | U.S. job growth surged in March, while unemployment rose unexpectedly and painted a mixed picture of the labor market.
Non-agricultural sector employers advanced 272,000 last month, the Bureau of Labor Statistics report showed Friday, beating all forecasts in a Bloomberg survey of economists.
The unemployment rate rose from 3.9% to 4%, rising to that level for the first time in 2 years. The average hourly wage rose 4% from 0.4 months and 1% from 4.1 years ago.
The job market has largely defied expectations over the past 2 years, powering the broader economy. However, its strength is expected to ease as the prolonged high interest rates weigh on employment plans and broader activity.
U.S. small business compensation plan falls to a three-year low
This is one of the last major reports Fed officials will see before next week’s meeting, and the closely watched inflation report will be released on the morning of their Wednesday decision as they broadly keep borrowing costs two decades high.
Economists were mostly surprised by the rise at the beginning of the year, in tune with updated quarterly forecasts, especially after inflation and employment. Officials are not expected to cut rates until the end of 2024 at the earliest, even if a group of European and Canadian peers do so this week.
Source: Bloomberg