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Economic Research

U.S. March Employment Report: Keep 'em Coming Please!

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1:30:00 PM | Last Updated

In the U.S., the gain in March payrolls was in line with our expectation of a modest pickup in job creation compared with February. The unemployment rate dip, while small, is positive, as it comes from a pickup in job creation rather than a drop in the labor force. While the Bureau of Labor Statistics (BLS) employment report is another step in the right direction, we remain aware of the significant ground that needs to be covered to remedy labor market slack. On the negative side, wage growth is nonexistent, as higher[...]

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