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NonFarm Payrolls showed insufficient employment growth in March


01 kwietnia 2022
watermark Economic news

According to the US Bureau of Labor Statistics, the number of people employed in the non-agricultural sector increased by 431 thousand people in March, which is slightly lower than the forecast of 490 thousand and significantly lower than the February 750 thousand, revised upward.


The largest increase was recorded in the field of recreation and hotel business (+112 thousand), professional and business services (+102 thousand), retail trade (+49 thousand), as well as in the production and sale of beverages and food (+38 thousand and 18 thousand, respectively).


Unemployment in the United States in March decreased from the February level of 3.8% to 3.6%. Analysts had forecast unemployment at 3.7%


The Ministry of Labor also reported that the hourly wage in the country in March increased in monthly terms by $ 0.13 and amounted to $ 31.73, and in annual terms the growth was 5.6%.


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