Nonfarm payrolls in the United States increased by 303,000 in March, according to the report by the Bureau of Labor Statistics published on Friday.

The figure was significantly higher than predicted by analysts, while the unemployment rate stood largely in line with expectations at 3.8%.

The number of unemployed people in the US was 6.4 million in March.

Average hourly earnings for all employees on private nonfarm payrolls increased by 12 cents to $34.69, representing a 0.3% monthly rise or 4.1% compared to March 2023.

The average workweek increased by 0.1 hours to 34.4 hours.