US labor market: economy creates 215,000 more sites – SPIEGEL ONLINE

The US economy has created many jobs unexpectedly in March. Despite the strong dollar and an ailing oil industry created 215,000 new jobs and thus 10,000 more than predicted by economists. In February there were however still been 245,000 new jobs.

Retail, construction and public services introduced a particularly large number of employees, announced the Department of Labor in Washington. In contrast, the industry built – suffer their export transactions under the strong dollar – points from. Also the commodity sector separated from employees, mainly because the oil companies under the low prices suffer.

The focus of the financial markets, hourly earnings, the significant increased more than expected were. They increased by 0.3 percent the previous month. Economists had expected a somewhat weaker growth of 0.2 percent. In comparison, wages rose from the previous month to 2.3 percent. The average workweek was 34.4 hours.

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With regard to the monetary policy of the US Federal Reserve, the development of hourly wages and the associated inflation expectations is currently particularly observed. For some time the labor market in the US is relatively robust. The hourly wages lagged far behind, however, this development here.

Many investors are now counting on the Fed in the first half increased its key interest rate, which makes the dollar more attractive for investors. The dollar rose and the euro fell in return about half a cent.

Although the Fed has their goal of full employment practically achieved, it signals on the path to further monetary tightening since the turnaround in interest rates in December restraint. She looks with concern the economic slowdown in China and the recent financial market turbulence. Therefore Fed chief Janet Yellen announced “carefully continue the policy of adaptation”.

The unemployment separately collected rose slightly in March to 5.0 per cent. In the previous two months, the rate had stood at 4.9 percent, the lowest level since February 2008. Economists had expected for March with an unchanged rate.

The unemployment rate in the United States can not be compared due to different survey criteria with the German. The increase in employment coupled with a rise in the unemployment lead experts to the fact that more women and men are actively seeking again for a job. This first increases the number of registered unemployed, which could otherwise have come from the statistics. In addition, both figures are collected on different bases. The employment figures are derived from business surveys. The unemployment rate on the other hand is based on surveys of households.