2024-03-11 16:45:00 ET
Summary
- Hiring rose 275,000 last month, beating expectations - well above the consensus forecast of around 200,000.
- There’s still a strong case for expecting the labor market to expand at a healthy, if slower, pace.
- For what it’s worth, the relative weakness in private payrolls vs. total payrolls is telling us that jobless claims will soon rise, although that seems like a low-probably event today.
Friday’s payrolls data for February dispatched another upside surprise , reaffirming the now-consensus view that recession risk is low for the US economy. Hiring rose 275,000 last month, beating expectations - well above the consensus forecast of around 200,000....
Read the full article on Seeking Alpha
For further details see:
Is The U.S. Labor Market As Strong As It Appears?