US nonfarm payrolls gain more than expected, unemployment rate dips

The number of people employed in the non-farming businesses in the US rose more than expected in March, showing that economic recovery in the nation is on track.

US nonfarm payrolls increased by 216,000 in March month-on-month, the labor department said on Friday. Markets had expected the nonfarm payrolls would increase rise by 188,000 in the month.

Also, the private sector employment rose by 230,000 against the analysts' expectations of 203,000 job additions in March.

Job gains occurred in professional and business services, health care, leisure and hospitality, and mining. Employment in manufacturing continued to trend up, the department said.

Employment in services sector continued to grow, with professional and business services adding 78,000 in March. Manufacturing sector added 17,000 jobs.

Besides, the unemployment rate reduced slightly to 8.8 percent in March from 8.9 percent in the previous month, indicating an improved labor market conditions in the nation.