Nonfarm Payrolls At +162.000 / Unemployment Rate At 9.7%
Nonfarm payrolls increased 162.000 in March. The consensus was at 200.000, revised reading for March was -14.000. The unemployment rate remained at 9.7%. Below consensus reading, despite census hiring. Weather impact was 100.000, so “core” +60.000 is not much of an improvement. Chart 1. Nonfarm Payrolls & Unemployment Rate