The Labor Department released a report on Friday showing employment in the U.S. surged by much more than expected in the month of March.
The report said non-farm payroll employment shot up by 178,000 jobs in March after plunging by a revised 133,000 jobs in February.
Economists had expected employment to climb by 51,000 jobs compared to the loss of 92,000 jobs originally reported for the previous month.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.