The Labor Department’s Bureau of Labor Statistics will release the report Friday at 8:30 a.m. ET.
The March nonfarm payrolls count likely will show hiring continuing at a solid pace, though some weakening foundations of the labor market could take greater focus.
The trend"makes me wonder about the credibility of the first number," said Dan North, senior economist at Allianz Trade Americas."So I'll be looking for the revisions from the prior month to see if they're going to be knocked down, and most likely they will be. That's why if you get a big number, take it with a grain of salt."
"Firms are seeing strong demand. They've dramatically increased their productivity, and so they're hiring for different kinds of jobs," said Luke Tilley, chief economist at Wilmington Trust."That has enabled them to deal with the high-rate environment."Household employment, which counts individual workers rather than total jobs and is used to calculate the unemployment rate, has fallen by nearly 1 million since November.
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