Tag: Employment Report

Asian stocks were mostly higher on Monday as investors looked ahead to earnings reports from top global companies and a consumer price report measuring U.S. inflation. "With risk sentiment bouncing back from earlier nervousness, gains are likely to remain somewhat limited as there may be some validating comments ahead of this week's key U.S. Consumer Price Index release," said Yeap Jun Rong, market analyst at IG. The U.S. government will release the March Consumer Price Report later this week.

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.

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