job growth slowed by much more than anticipated in the month of March
2018-04-06 01:20 pm | Resource: NEWS | No Views : 735
After reporting a substantial increase in U.S. employment in the previous month, the Labor Department released a report on Friday showing job growth slowed by much more than anticipated in the month of March.
The Labor Department said non-farm payroll employment rose by 103,000 jobs in March after spiking by an upwardly revised 326,000 jobs in February.
Economists had expected an increase of about 193,000 jobs compared to the jump of 313,000 jobs originally reported for the previous month.
The report also said the unemployment rate came in at 4.1 percent in March, unchanged from the two previous months. The unemployment rate had been expected to edge down to 4.0 percent.
Meanwhile, the Labor Department said the annual rate of growth in average hourly employee earnings accelerated to 2.7 percent in March from 2.6 percent in February.
Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term. The USDJPY faced resistance and selling pressure nearly of the resistance level of 113.58 to retract to the support level 113.20. In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery. Therefore, we expect that the USDJPY will test levels of 113.58 - 114.08 again…
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