Economists had widely expected the official jobs data for March to come in below those of January and February, when unseasonably warm weather buoyed many industries. In what was the second-warmest February on record, the construction industry added more jobs than it had in a decade. America's monthly jobs report can be hard to understand. Following the jobs report on Friday, investors saw a 63 percent chance of a rate hike in June. Trump has cheered strong jobs data in recent months as evidence that his election was already lifting business and consumer sentiment.

Source: Washington Post April 07, 2017 12:37 UTC