On Friday US markets saw the latest nonfarm payroll data from the U.S Bureau of Labor Statistics. This was a big one for market-watchers looking for an insight into US economic activity – as the creation of jobs is one of the leading indicators of US consumer spending.
According to the data, the US economy created 236,000 jobs in March, which was the lowest amount since December 2020. It was also less than forecasts of 239,000. Despite pointing to a gradual cooling in hiring, the latest figures still point to a strong US labour market.
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