Jobs Report

  • Nonfarm payroll increased by 196,000 in March
  • Unemployment rate unchanged at 3.8%
  • Notable job gains occurred in health care and in professional and technical services
  • Number of unemployed persons essentially unchanged at 6.2 million

Consensus estimate according to was 180,000 increase, so actual topped estimate by 10%. Wages were also slightly down but back to normal. February’s report was pretty dismal, but not out of the norm to have single month aberrations. All in all an a fairly uneventful Jobs report.