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Fed set to remain stuck on hold after bumper jobs growth in March

Payroll gains of 178,000 were well ahead of expectations

The key points 

  • Payroll growth smashed expectations in March with 178,000 jobs added compared to expectations for gains of just 60,000

  • The unemployment rate fell to 4.3 per cent in March, down from 4.4 per cent in February and defying expectations for it to remain steady

  • A big upward revision to January payrolls and a downward one for February left the picture