Lates News

In March, the United States added 178,000 new jobs, exceeding the historical forecast range of The Wall Street Journal for this indicator. The unemployment rate of 4.3% is within the historical forecast range. The data in the employment report is closely watched, as investors and economists are currently trying to use it to assess any future interest rate decisions by the Federal Reserve and evaluate the cooling labor market. For the March employment report, over the past decade, the range of deviation between the forecast and actual published values by The Wall Street Journal is from -38,500 to +73,000. The data released on Friday was 178,000 jobs, higher than the economists' expectation of 59,000 in the survey by the newspaper. The slight decrease in the unemployment rate is within the historical range of -0.2 to +0.1 percentage points.