March Employment Preview: Mixed Signals

On Friday at 8:30 AM ET, the BLS will release the employment report for March. The consensus, according to Bloomberg , is for an increase of 175,000 non-farm payroll jobs in March (with a range of estimates between 125,000 to 202,000), and for the unemployment rate to be unchanged at 4.7%. The BLS reported 235,000 jobs added in February. Here is a summary of recent data: • The ADP employment report showed an increase of 263,000 private sector payroll jobs in March. This was well above expectations of 170,000 private sector payroll jobs added. The ADP report hasn't been very useful in......(read more)

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