The US economy has grown by a better-than-expected 3.2 per cent in the last quarter, according to new data released by the US Federal Reserve.
Inflation was 3.1 per cent last quarter and the unemployment rate fell to 4.9 per cent, the data showed.
The US Bureau of Labor Statistics also released the results of its weekly jobs report, which showed a surge in the number of private-sector jobs, particularly in construction.
The jobs report showed private-equity and finance firms added 727,000 jobs in January and February.
The BLS has been predicting an increase of at least 2 per cent over the next four quarters.