US NFP report beats estimates; rate cut less likely

05 April 2019

 

The US economy continues to produce more jobs despite being close to full employment. The unemployment rate has remained at or under 4% since April 2018 while annual increases in hourly pay have remained above 3% for the past six months.  According to the US Bureau of Labor Statistics, the US economy created 196,000 jobs in the non-farm sector in March. Economists had been expecting around 180,000 additional positions.  US...

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