Merrill: March Employment Report Forecast

A few brief excerpts from a Merrill Lynch note: We expect nonfarm payrolls growth to rebound nicely to 190k in March after a 20k increase in February. The unemployment rate should remain level at 3.8% … Wage growth should remain strong at 0.3% mom keeping the yoy growth rate at a cyclical high of 3.4%....(read more)

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