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03.04.26 - 15:36
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March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops (ZeroHedge)
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March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops
We titled our nonfarm payroll preview post "a substantial bounce" and boy were we right: with consensus expecting a material rebound from February's negative print (which was revised as usual worse, from -92K to -133K), what the BLS reported instead was a huge beat to expectations of a 65K increase, with March jobs reportedly rising by 178K, the biggest increase since December 2024.
The number was driven entirely by a surge in private workers which added 186K in March, far above estimates of 78K. Government workers continued to drop, sliding by 8K in March and now negative 8 of the past 9 months,
This was not only higher than all estimates but was a 3 sigma beat to the median forecast, something we haven't seen in over a year.
In keeping with tradition, the previous month's data was revised sharply negative, from -92K to -133K, despite expectations of an upward revision. ...
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03.04.26 - 15:12
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USA: Arbeitsmarkt im März überraschend robust (DPA-AFX)
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WASHINGTON (dpa-AFX) - In den USA hat sich der Arbeitsmarkt im März überraschend robust gezeigt. Außerhalb der Landwirtschaft stieg die Zahl der Stellen um 178.000, wie das Arbeitsministerium am Freitag in Washington ......
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