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05 Apr 2025

U.S. March Jobs Growth of 228K Blows Through 135K Forecast

U.S. March Jobs Growth of 228K Blows Through 135K ForecastBitcoin has been showing very faint signs of resilience as markets tumble in response to tariffs. The U.S. employment situation continued to roll along in strong fashion in March, adding another piece to the puzzle as the Federal Reserve contemplates the path of short-term interest rates in a world that’s markedly changed in the last 48 hours. Nonfarm payrolls rose by 228,000 last month, the Bureau of Labor Statistics reported Friday morning. Economists had expected a gain of just 135,000 following February’s increase of 117,000 jobs (revised from an originally reported 151,000). The unemployment rate for March, however, rose a tick to 4.2% against economist consensus of 4.1% and February’s 4.1%. The price of bitcoin (BTC) was little-changed in the minutes following the report at $82,60

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