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US jobs report exceeds expectations and lowers the possibility of rate cuts

Updated: Apr 8

US employers added 303,000 jobs in March, in a further sign of a buoyant labour market. US labour department numbers were much stronger than the 200,000 job gains anticipated by economists polled by Reuters.



The unemployment rate edged down to 3.8 per cent, compared with a predicted 3.9 per cent. The bond market further reduced probability of Federal Reserve starting its policy easing cycle in June.

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