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AFMC - March Jobs Report: Wages Stable As Payrolls Top Expectations
First Trust Active Factor Mid Cap ETF
2024-04-05 09:40:26 ET
Summary
U.S. employers added another 303,000 jobs in March, according to the Labor Department’s monthly payroll report.
The gains were well above expectations of 200,000.
Despite the robust payroll additions, wage growth appears stable.
The reading surrounding wages is likely supportive for forecasters expecting looser monetary policy in the months ahead.
Equity markets were on edge heading into the Labor Department’s monthly payroll print. At first glance, today's release may not necessarily help quell some of that anxiety....