The US economy created 431,000 jobs in March, surpassing the 400,000 mark for the 11th consecutive month, the longest positive streak since 1939. The unemployment rate dropped to 3.6% .
The number of new jobs is a bit below analysts' and February's expectations (revised up from 678,000 to 750,000), but according to the US media, it confirms the resilience of the employment market, which is continuously recovering.
The unemployment rate dropped from 3.8% in February to 3.6%, the lowest since February 2020, when the pandemic broke out.
The average hourly wage in the private sector, on the other hand, rose by 13% to 31.73 dollars in March.