Alexa
  • Directory of Taiwan

Biggest job gain in 3 yrs pushes up interest rates

Biggest job gain in 3 yrs pushes up interest rates

The biggest increase in jobs in three years is pushing interest rates higher in the bond market. The dollar is also rising.
The Labor Department says Friday that employers added 162,000 jobs in March. Economists had forecast an increase of 190,000 jobs. However, private employers accounted for most of the growth. Some analysts had forecast that temporary government hiring for the 2010 census would play a bigger role.
The yield on the 10-year note rose to 3.93 percent from 3.87 percent late Thursday.
The stock market is closed for Good Friday. Stock futures rose in an abbreviated session of electronic trading.
The dollar rose on increased confidence in the U.S. economy.


Updated : 2021-05-12 07:09 GMT+08:00