March Jobs Report

Jobs Report: 126,000 jobs added, unemployment rare 5.5%

"The sputtering U.S. economy created just 126,000 jobs in March as bad weather, weak consumer spending and flailing corporate profits resulted in the worst report since 2012.

"Economists expected nonfarm payrolls to rise 245,000 in March, with the unemployment rate holding steady at 5.5 percent, according to Reuters. February's numbers were revised lower to 264,000 from the initially reported 295,000, while January's number fell from 239,000 to 201,000."

 

[Dutchy]

Thanks for posting Tom. Futures down BIG this morning, hope it is an overreaction.
Will cooler heads prevail Monday morning ??

 

[tsptalk]

I think the people trading futures this morning were people who have to trade to protect accounts, so I think it was a defensive overreaction. I guess we'll find out Monday.