Tag: Unemployment rate

(Bloomberg) -- Asian stocks are set to follow Wall Street higher after jobs data released Friday signaled a strong U.S. economy. Bloomberg's "Most Read":Royal Bank of Canada Fires Chief Financial Officer Ahn Jae-mong After Probe of Personal TiesTrumpism Is Hollowing Out ChurchesSaudis Scale Back $1.5 Trillion Desert ProjectNeom's AmbitionsTurkey Joins NATO Allies in Suspending European Arms PactMa resoner紥尅尅berg's Wealth Surpasses Elon Mason's for the First Time Since 2020Stock Futures in Australia, Japan and the U.S. Stock futures in Australia, Japan and the U.S. have all risen in price.

Employers added 303,000 jobs in March, exceeding expectations of about 200,000, the latest sign that the U.S. economy is maintaining strong growth momentum, the U.S. Bureau of Labor Statistics said in a report released Friday. Analysts also revised upward by 22,000 the previous two months' job gains. The unemployment rate fell to 3.81 TP3T from 3.91 TP3T in February, hovering near a 50-year low. The unemployment rate fell despite 469,000 people entering the labor market looking for work.

Friday's jobs report finally arrived, putting a test on a stock market that struggled early in the second quarter.

The U.S. economy added 303,000 jobs and the unemployment rate fell to 3.81 TP3T.

The latest update on the labor market shows further signs of recovery while wage growth has slowed.