US job creation gets back on track

US job creation got back on track in March creating a total of 192,000 jobs up from a consensus figure of 177,000. This beat also confirmed February’s number of just 20,000 was more likely an anomaly but more importantly, it sent a reassuring message to global markets that the US economy is perhaps not as close to an economic slowdown as markets had predicted. Markets reacted accordingly with US equity markets rallying along with UK and Europe. Dollar also saw a bid on the news which was predicted.