Güçlü İstihdam Verileri 2026’da Fed Faiz İndirimi Umutlarını Azalttı

The US added 178,000 jobs in March. Economists expected only 60,000. The unemployment rate fell to 4.3% from 4.4%.

This marks the strongest monthly job gain since December 2024. The previous month’s figure was revised down sharply. February’s job loss went from -92,000 to -133,000. January’s gain was revised up from 126,000 to 160,000.

Traders quickly adjusted their positions after the report. They slashed bets on a 2026 Federal Reserve rate cut. CME FedWatch data shows the probability of an April cut dropped to 0.5%. The chance of a June cut fell to just 6%.

Healthcare led the gains with 76,000 new jobs. Construction added 26,000. Transportation and warehousing added 21,000 positions.

Wage growth showed signs of cooling. Average hourly earnings rose only 0.2% in March. The annual increase came in at 3.5%. Both figures missed expectations.

The US dollar strengthened after the report. The DXY index rose 12 points to 100.12. The 10-year Treasury yield climbed four basis points to 4.36%.

Strong job growth signals a resilient economy. This gives the Fed no reason to rush into cutting rates. Some investors now believe a rate cut may not happen until 2027.

However, economists warn of mounting risks. The war with Iran has no clear end. Soaring gas prices could hurt the labor market in the coming months.