Strong U.S. Jobs Rebound After Winter Strikes And Storms

ING Economic and Financial Analysis5.3K FollowersFollow5ShareSavePlay(4min)CommentsSummaryUS non-farm payrolls for March were up 178,000, well ahead of the 65,000 consensus estimate after a weather- and strike-related drop of 133,000 in February. Meanwhile, the unemployment rate unexpectedly dropped to 4.3% from 4.4%.A strong rebound in employment suggests the US economy is in a decent position to weather the economic headwinds from the Middle East conflict.Nonetheless, job creation remains concentrated in a handful of sectors, and rising uncertainty and caution are likely to make employers hesitant to accelerate hiring plans. Prae_Studio/iStock via Getty Images By James Knightley, Chief International Economist, US Strong growth, but with a lack of breadth The headlines from the March US jobs report are good. Non-farm payrolls were up 178,000, well ahead of the 65,000 consensus estimateThis article was written byING Economic and Financial Analysis5.3K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.