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Economic CalendarMarkets

Breaking: Nonfarm Payrolls increase by 178K in March

Nonfarm Payrolls (NFP) in the United States (US) increased by 178K in March, according to data released by the US Bureau of Labor Statistics (BLS) on Friday. The figure marks a marked reversal from February’s 133K drop (revised from -92K) and came in well above market expectations for a 60K gain.

Elsewhere in the report, the Unemployment Rate ticked lower to 4.3% (from 4.4%), while the Labor Force Participation Rate edged marginally lower to 61.9% from 62%. At the same time, wage pressures showed a slight downtick, with annual growth in Average Hourly Earnings easing to 3.5% (from 3.8%).

” The change in total nonfarm payroll employment for January was revised up by 34,000, from +126,000 to +160,000, and the change for February was revised down by 41,000, from -92,000 to -133,000. With these revisions, employment in January and February combined is 7,000 lower than previously reported”, the BLS noted in its press release.

Market reaction to Nonfarm Payrolls data

The US Dollar (USD) keeps its vacillating tone unchanged in the wake of the release, with the US Dollar Index (DXY) trading with modest gains past the psychological 100.00 threshold.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.09%0.07%0.02%0.15%0.02%0.24%0.10%
EUR-0.09%0.02%-0.07%0.06%0.04%0.14%0.00%
GBP-0.07%-0.02%-0.08%0.05%0.04%0.13%-0.00%
JPY-0.02%0.07%0.08%0.13%0.11%0.20%0.06%
CAD-0.15%-0.06%-0.05%-0.13%-0.01%0.09%-0.04%
AUD-0.02%-0.04%-0.04%-0.11%0.00%0.08%-0.05%
NZD-0.24%-0.14%-0.13%-0.20%-0.09%-0.08%-0.14%
CHF-0.10%-0.01%0.00%-0.06%0.04%0.05%0.14%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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