Forex News

US job creation beats forecasts, yet wage growth decelerates

US NFP Report

U.S. employers created a more than forecast jobs in March, the non-farm payrolls report released on Friday showed.

The NFP figures signaled a more than forecast job creation pace last month, deceleration in annual wage growth and steadiness in the jobless rate. 

Analysts predicted a job creation of 180,000 jobs, but the reading showed 196,000 jobs added from a revised of 33,000 job-gain in February.

Unemployment rate stood at 3.8 percent, moving in line with median forecasts.

The average hourly earnings gained 0.1 percent last month, missing forecasts of 0.3 percent, from a prior of 0.4 increase. That pushed the annual earnings growth down to 3.2 percent from 3.4 percent.

The dollar index, which tracks the movements of the green currency versus a basket of major currencies, traded lower at 96.85, compared to the session’s open 96.91.

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