U.S. employers added 196,000 new jobs in March, after an upwardly revised 33,000 in February. The number breezed past market expectations of 180,000. The unemployment rate was 3.8% last month, in line with market expectations.
In March, average hourly earnings increased 4 cents to $27.70, after a 10-cent gain in February. In a year, average hourly earnings have grown by 3.2%.
Winning Sector ETFs
Against this backdrop, investors should bet on ETFs that are the biggest beneficiaries of the March jobs data report. Below we have highlighted some of these that will likely see smooth trading in the days ahead.
Jobs in the health care sector grew by 49,000 in the month, wherein ambulatory health care services and hospitals added a