The U.S. economy added 178,000 jobs in March, significantly surpassing economist forecasts of 60,000, according to the Bureau of Labor Statistics. This rebound follows a revised February loss of 133,000 jobs, initially reported as a 92,000 decline. The unemployment rate fell to 4.3% from 4.4% in February, beating expectations.
Bitcoin remained stable at $66,845.24 following the report, while U.S. stock index futures stayed modestly lower, with the Nasdaq 100 down 0.2%. The 10-year U.S. Treasury yield rose four basis points to 4.36%. Despite recent concerns over oil prices influencing rate hike forecasts, Fed Chairman Jerome Powell indicated a cautious approach to rate changes, focusing on long-term economic impacts rather than short-term oil price fluctuations.
U.S. Economy Adds 178,000 Jobs in March, Exceeding Expectations
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