Monthly job gains fell significantly in March, and were well below the expectations of most forecasters. The economy added only 126,000 net new jobs in March, and January and February’s job gains were revised downward by 69,000 jobs. The unemployment rate held steady at 5.5 percent.
More thoughts below, in tweets.
https://twitter.com/MichaelRStrain/status/583974400753410048
https://twitter.com/MichaelRStrain/status/583976456037933056
https://twitter.com/MichaelRStrain/status/583973773063262208
https://twitter.com/MichaelRStrain/status/583971406171475968
https://twitter.com/MichaelRStrain/status/583970995872079872
https://twitter.com/MichaelRStrain/status/583970739545624576
https://twitter.com/MichaelRStrain/status/583971868610203648
https://twitter.com/MichaelRStrain/status/583970199583531008
There’s a lot of uncertainty about the economy right now. Hopefully the clouds will part in the months to come.
— Michael R. Strain is deputy director of economic policy studies and resident scholar at the American Enterprise Institute. You can follow him on Twitter at twitter.com/MichaelRStrain.