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Only 98,000 jobs were created in the US in March. That’s significantly lower than the 180,000 forecast, equivalent to a 45% miss.
The figures related to nonfarm payrolls which excludes farm workers, private household employees or people who work for non-for-profit organisations.
Many economists and market commentators didn’t seem that fussed, saying the weakness related to weather-sensitive sectors. Weather conditions were poor in the month. They also point towards a continued rise in wages being a positive factor.
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