U.S. March Non-Farm Payrolls Exceed Wall Street Journal's Decade-Long Historical Forecast Range

Odaily News The U.S. added 178,000 jobs in March, exceeding the historical forecast range for this indicator by The Wall Street Journal. The unemployment rate was 4.3%, falling within the historical forecast range. The employment report data is being closely watched as investors and economists are currently trying to use it to gauge any future interest rate decisions by the Federal Reserve and assess the cooling labor market. Regarding the March employment report, over the past decade, the deviation range between The Wall Street Journal's forecast and the actual reported value has been -38,500 to +73,000. The data released on Friday was 178,000, higher than the 59,000 expected by economists surveyed by the newspaper. The slight decline in the unemployment rate falls within the historical range of -0.2 percentage points to +0.1 percentage points. (Jin10)