Recently, there were fears about stagnant and weaker economy but US jobs have shown a steady growth in March. It has made promises of raising interest rates in the Federal Reserve in the present year.

According to an economy survey done by Reuters, February has brought 295,000 nonfarm payrolls, whereas March most likely has added more 245,000.

March has marked the 13th consecutive month of job growth above 200,000, as a result of which US economy has witnessed the longest streak in the US economy since late 1993.

For the prosperity, the labor market had to fight adverse conditions, including a difficult winter season, a resilient dollar and a decreasing global demand, a mix that had an impact on our economic activity in the year’s first quarter.

Although during the last three months growth has slowed down significantly, the deceleration is expected to be short-lived.

As per Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania, the fast recovery will prove that the economy had faced a temporary slow down due to weather-reasons, and not because it was fundamentally faulty.

The Labor Department’s released monthly report on employment rates will be made public at 8:30 a.m. (1230 GMT) on Friday. While many overseas stock markets will remain close due to the Good Friday holiday, the US bond markets have decided to be open at least for a few hours, setting a positive tone with the jobs report.

According to some Fed officials, the predictions made for the unemployment rate can be good news indeed, as they have approached the area considered to match the terms of full employment.

Due to March‘s sharp break in private hiring, the employment growth might not be able to meet the forecast, but even then any figure above 200,000 will be considered to have a positive impact on the economy.