The non-farm employment change came out at 242,000, compared to forecasts of a 195,000 rise. In the U.S unemployment rate remained at a multi-year low of 4.9%.
China's official manufacturing PMI reading for February was down and came in at 49.0 as compared to 49.4 in January. The February reading was the lowest since November 2011.
U.S initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 278,000 for the week ended Feb. 27. Economists polled by Reuters had forecast claims slipping to 271,000 in the latest week.
The US ISM non-manufacturing PMI index for February came-in at 53.4, bettering the estimate of 53.2. The previous month's figure stood at 53.5.
The U.S foreign trade balance worsened from December's upwardly revised -$44.7bn to -$45.7bn, according to the Department of Commerce. Econo-mists had forecast a reading of $44.1bn.December's shortfall was initially put at $43.4bn by government statisticians.
China's trade surplus came in at $32.59 billion in February, against analysts' expectations of a $50.15 billion surplus. Exports fell 25.4 percent on-year in February, while imports declined 13.8 percent, clocking far bigger slides than expected by analysts.
US crude oil inventories surged last week by the biggest amount since last April. Data from the Energy Information Administration showed that inven-tories jumped by 10.4 million barrels, much more than the forecast for 3.604 million.
The services sector expanded in February but at a slower pace than earlier in the year, as the Caixin China Purchasing Managers' Index for the sector came in at 51.2. That is 1.2 points lower than the reading of 52.4 for January.
The U.S manufacturing sector contracted for a fifth consecutive month in February. The Institute for Supply Management's (ISM) purchasing managers' index rose to a score of 49.5 from January's 48.2. Scores below 50 indicate contraction.
Unemployment in the Eurozone fell for a third consecutive month in January, dropping to its lowest rate since August 2011. Eurostat, the EU's statisti-cal agency, said the jobless rate in the 19-country Eurozone declined to 10.3% in January from 10.4% in December.
The Chicago Purchasing Managers Index came in at 47.6 for February, badly missing economists' estimates. Economists polled by Reuters had expected a reading of 54.0, down from the 55.6 reading reported a month earlier.
Pending home sales in the U.S. unexpectedly saw a notable decrease in the month of January. Pending home sales index slumped 2.5 percent to 106.0 in January from an upwardly revised 108.7 in December. The decrease came as a surprise to economists, who had expected pending home sales to in-crease by about 0.5 percent.
Eurozone manufacturing growth eased to a one-year low in February The final manufacturing Purchasing Managers' Index fell to 51.2 in February, a 12-month Low, from 52.3 in January. It was slightly above the flash estimate of 51. The PMI has remained above the neutral 50.0 mark for 32 successive months.
The CPI data in the Eurozone was in deflation territory by falling 0.2% in Feb YoY. This was well below the 0.3% in January and the estimate of 0.1%.