The latest job report shows that employers added 303,000 workers to their payrolls in March, surpassing expectations. This positive news has increased the likelihood of a positive outcome at the upcoming Federal Open Market Committee meeting in June.
That’s how much time is left until the conclusion of the Federal Open Market Committee in June at which the overwhelming majority of Wall Street economists think the. Absent a huge and unexpected shock to the economy, Friday’s job report makes that highly unlikely.employers added 303,000 workers to their payrolls in March, more than 100,000 above the consensus forecast for 200,000.
The revisions to January and February added in another 22,000 jobs, bringing the jobs-above-expectation figure to 125,000. To get a sense of the underlying trend in employment, we look to the three-month moving average. This jumped from 265,000 jobs toafter adding in the March gains and the revisions. If the payroll numbers had come in as expected, the average would have declined to 234,000. So, the moving average is 50,000 jobs or 18 percent higher than expected.rose by 71,000, which was higher than the average gain of 54,000 last mont
Job Report Employers Payrolls Federal Open Market Committee Meeting Expectations
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