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Nonfarm payrolls increase by 103,000 in March, vs 193,000 jobs expected
- Nonfarm payrolls rose by 103,000 in March, well below economist expectations of 193,000, according to the Bureau of Labor Statistics.
- However, markets reacted little to the news as February’s number was revised higher and the longer-term trend of strong growth looked intact.
- Inflation also was of little worry as average hourly earnings rose at a 2.7 percent annualized pace.
- Modest number of jobs added fell below expectations, but offer reassurance that the US labor market remains healthy https://www.usatoday.com/videos/money/business/2018/04/06/u.s.-job-gains-smallest-6-months/33605571/