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U.S. March jobs smash expectations, with 178,000 added

CoinDesk
The U.S. economy added 178,000 jobs in March, significantly exceeding economist expectations of 60,000 new positions.

Summary

The U.S. labor market experienced a strong recovery in March, adding 178,000 jobs and surpassing the 60,000 forecast by economists. This growth follows a revised loss of 133,000 jobs in February. Additionally, the unemployment rate declined to 4.3%. While the report suggests economic momentum that could influence future Federal Reserve interest rate decisions, markets remained relatively stable, with Bitcoin trading near $67,000 and U.S. stock index futures showing modest declines.

(Source:CoinDesk)