Non-farm Payrolls +308,000
Unemployment Rate 5.7%
Average Hourly Earnings +0.1%
Average Workweek 33.7 Hours
(Econoday.com) - The economic outlook brightened significantly Friday as employers, after four months of surprising caution, may have suddenly begun to take on new workers. A stunning 308,000 gain in non-farm payrolls, the biggest rise in nearly four years, will push interest rates sharply higher, sparking talk of when the Federal Reserve will step back from its policy of low interest rates. The March report may mark a milestone for the economy and perhaps the end, if not a pause, for the Treasury market's long rally.
04.04.02 21:00 #