01:30 PM BST, United States - Employment Data for March:
- Nonfarm Payrolls: actual 303K; forecast 212K; previous 270K;
- Private Nonfarm Payrolls: actual 232K; forecast 160K; previous 207K;
- Unemployment Rate: actual 3.8%; forecast 3.9%; previous 3.9%;
- Average Hourly Earnings: actual 4.1% YoY; forecast 4.1% YoY; previous 4.3% YoY;
- Average Weekly Hours: actual 34.4; forecast 34.3; previous 34.3;
- Participation Rate: actual 62.7%; forecast 62.6%; previous 62.5%;
The U.S. labor market data has surprised again. The March NFP report showed a job increase of as much as 303k compared to expectations of 212k. Expectations suggested a slight stabilization in the market after strong data last month. However, the actual data showed an even greater increase. On one hand, these are additional arguments for the Fed to delay interest rate cuts. On the other hand, attention should be paid to slightly lower wages than last month. Moreover, the latest data from the U.S. shows that more and more people are opting to take on more than one job, which also results in an increase in employment.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Following the report, the dollar (USDIDX) has significantly strengthened and returned above 104 points. Also, Fed swaps shift full pricing of the interest rates cut to September from July. 
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
