Expectations Surpassed for Employment and Wage Growth in the US Economy

The announced employment and wage growth data in the US economy exceeded expectations for the month of March. Agricultural employment in the US increased by 303,000 people, showing higher growth than expected. This increase signals strong growth for the US economy. The unemployment rate also decreased to 3.8%. Meanwhile, average hourly earnings showed an increase on a monthly and yearly basis parallel to expectations. Strong Employment Data It was stated that the expectation for agricultural employment to increase by 212,000 in March was exceeded with an increase of 303,000. Also, the unemployment rate performed better than expected, dropping to 3.8%. Probability of Interest Rate Cut Increased According to CME FedWatch Tool, following the announced data, the probability of the Federal Reserve cutting interest rates on May 1st increased from 6.5% to 11.9%. This development is being carefully monitored in the markets. Useful Information for Readers The likelihood of the Fed […]

Expectations Surpassed for Employment and Wage Growth in the US Economy

The announced employment and wage growth data in the US economy exceeded expectations for the month of March. Agricultural employment in the US increased by 303,000 people, showing higher growth than expected. This increase signals strong growth for the US economy. The unemployment rate also decreased to 3.8%. Meanwhile, average hourly earnings showed an increase on a monthly and yearly basis parallel to expectations.

Strong Employment Data

It was stated that the expectation for agricultural employment to increase by 212,000 in March was exceeded with an increase of 303,000. Also, the unemployment rate performed better than expected, dropping to 3.8%.

Probability of Interest Rate Cut Increased

According to CME FedWatch Tool, following the announced data, the probability of the Federal Reserve cutting interest rates on May 1st increased from 6.5% to 11.9%. This development is being carefully monitored in the markets.

Useful Information for Readers

The likelihood of the Fed keeping interest rates steady in May is seen as 88.1%.
The US Dollar Index strengthened to 104.578 after the data releases.
Bitcoin and Ethereum prices experienced changes of 0.57% and 3.37% respectively in the last 24 hours.

In conclusion, these positive developments in the US economy continue to have an impact on global markets, including cryptocurrency markets, and provide important indicators for investors.

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