March 2025 US Jobs Report surprised a strong reverse Non-agricultural payrolls are growing up to 228kGet up well 135k hopeAnd supported by +2K net modification in the previous months. Unemployment rate stood up to 4.2%The forecast is slightly higher, though Partnership rate improvement increased to 62.5%Re -entered the labor force, suggesting more workers. The increase in wages is stable, with Average earnings per hour increases 0.3% m/m And 3.8% y/ySlightly softened compared to last month. Private sector recruitment was solid at +209k, while Full -time jobs strongly rebound by +459K Last month after mass fall. Leisure and hospitality +43K LED benefits with jobs, a weather-daman jumping back from February. Despite the excited data, the markets are showing a disconnect, as US dollar stood marginallyWhile the rate market is still Prices in more than 5 fed cuts This year -there is a warm of tension between the strength of the home market and inflation concerns.
Details of the report were shown.
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Non-agricultural payroll: +228k vs +135K expected (Pre -revised from +151k to +117K)
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Two months net revision: +2K
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Rate of unemployment: 4.2% vs 4.1% expected (Unpublished: 4.1519% vs 4.1396% earlier)
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participation rate: 62.5% vs 62.4% first
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U6 unemployment rate: 7.9% vs 8.0% first
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Earning average per hour (m/m): +0.3% (in line)
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Earning average per hour (y/y): +3.8% vs +3.9% expected (East +4.0%)
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Average weekly hours: 34.2 vs 34.1 East
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Private payroll: +209k vs +140K expected
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Manufacturing payroll: +1k vs +4K expected (East revised +8K)
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Government Jobs: +19K vs +11k East
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household survey: +201k vs -588k former
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full-time jobs: +459k vs -1.193m ago
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Holiday and hospitality: +43K vs -17k East
Prior to the US job reports, China notes mutual tariffs against the US. It sent less to AUD and NZD. They were the weakest among the US dollar vs. major currencies today (US dollars increased 3% and 2% respectively). The dollar receives the most vs. JPY and CHF.
The US dollar is shutting down major currencies mixed vs. mixed vs. The USD GBP, AUD and NZD vs were more, but Eur, JPY, CHF and CAD vs were low.
Below is a graphical look on Greenback versus percentage changes for major currencies.
The yield in the US debt market was rapidly low before the report of the first US jobs, but the higher retaliation was followed by a better-added data.
Showing the level going nearby:
- 2- The yield of the year 3.678%, -4.6 basis points. Low yield for the day reached 3.467%
- 5 -year yield 3.727%, -3.1 basis points. The low yield for the day reached 3.526%.
- 10 years yield 4.013%, -4.2 basis points. Low yield for the day reached 3.860%
- 30 years yield 4.426%, -5.7 basis points. The low yield for the day reached 4.331%.
Even though the yield is well with its offering for the day, but current changes for the week are still below the yield curve 22 to 26 basis points. Below is high base point change, low base point change and current base point change.
American stocks fell rapidly for the second consecutive day.
Showing the last number:
- Dow industrial average -2231.07 points or -5.5% or 38314.86
- S&P Index -322.44 points or -5.97% at 5074.05.
- Nasdaq Index -962.82 points or -5.82% and 15587.79.
- Russell 2000-83.51 points or -4.37% and 1827.03
The trading week for each major indices was going to be the worst for the 2020 epidemic
- Dow industrial average fell -7.86%.
- -9.08% S&P index
- Nasdaq Index fell 10.02%
- Russell 2000-9.70%
Oil prices also reduced rapidly this week. For trading week, crude oil price fell -12.19%. It is the worst week since the fall of 12.72% during the week of March 13, 2023.
The price of crude oil fell behind the expectations of tariff news and slow global development. Other than this, OPEC+ AllianceUnder the leadership of Saudi Arabia and Russia, announced Expected to increase oil productionlaunch May 2025Will promote output by group 411,000 barrels per day (BPD)Effectively implement the price of three months of planned growth in a month effectively.
The WTI crude oil is priced at $ 61.99 $ 4.96 or 7.40%.
