The US Labor Department reported a significant increase in job gains, with 178,000 new jobs added in March, following a loss of 133,000 jobs in February. The unemployment rate has also decreased to 4.3%, surpassing economists' expectations.

American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February, while the unemployment rate dipped to 4.3 per cent. The Labor Department reported on Friday that hiring marked a rebound from the loss of 133,000 jobs in February. The job gains were about three times what economists had forecast. The unemployment rate was down from 4.4 per cent in February. That is partly because the labour force – those working and looking for work – dropped by...