Non-Farm Employment in the US Surpasses Expectations

Non-farm employment in the US increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from 4.1% to 4.2%. The US non-farm employment data, closely monitored by markets, has been released. Non-farm employment in the US increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from 4.1% to 4.2%. Expectations were that employment would increase by 140,000. The unemployment rate was expected to remain at 4.1%. Employment growth was revised from 125,000 to 111,000 for January and from 151,000 to 117,000 for February. Employment in the private sector increased by 209,000, while the public sector saw an increase of 19,000. Average hourly earnings increased by 0.25% on a monthly basis. The annual increase was recorded at 3.84%. Expectations pointed to a monthly increase of 0.3% and an annual increase of 3.9% in earnings.