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Payrolls expected to rise 490,000 as employment inches closer to pre-pandemic levels
Last edited Fri Apr 1, 2022, 05:39 AM - Edit history (1)
Tomorrow's news today. Emily McCormick must have the day off.
Yahoo Finance
March jobs report preview: Payrolls expected to rise 490,000 as employment inches closer to pre-pandemic levels
Alexandra Semenova · Reporter
Thu, March 31, 2022, 5:01 PM
The U.S. economy likely notched another sizable payroll gain in March, with further acceleration in job growth despite an already tight labor market likely to set the stage for more interest rate hikes by the Federal Reserve.
The Labor Department is set to release its March jobs report Friday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg:
• Non-farm payrolls: +490,000 expected, +678,000 in February
• Unemployment rate: 3.7% expected, 3.8% in February
• Average hourly earnings, month-over-month: 0.4% expected, 0.0% in February
• Average hourly earnings, year-over-year: 5.5% expected, 5.1% in February
Coming in at 687,000, payrolls recorded a stunning upside surprise in February to mark the fourteenth consecutive month of expansion for the U.S. workforce. The surge in jobs added or created last month brought the level of employed Americans closer to pre-pandemic levels, though still 1.14 million short.
Experts are expecting the latest data to reflect another robust month of hiring. Economists surveyed by Bloomberg are looking for payrolls to rise by 490,000, according to consensus data. ... "It will be a challenge to match the 678,000 jobs added in February,” Bankrate senior economic analyst Mark Hamrick said. “Even so, the expectation is that payroll growth was still solid in March with the consensus north of 400,000 jobs.”
{snip}
March jobs report preview: Payrolls expected to rise 490,000 as employment inches closer to pre-pandemic levels
Alexandra Semenova · Reporter
Thu, March 31, 2022, 5:01 PM
The U.S. economy likely notched another sizable payroll gain in March, with further acceleration in job growth despite an already tight labor market likely to set the stage for more interest rate hikes by the Federal Reserve.
The Labor Department is set to release its March jobs report Friday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg:
• Non-farm payrolls: +490,000 expected, +678,000 in February
• Unemployment rate: 3.7% expected, 3.8% in February
• Average hourly earnings, month-over-month: 0.4% expected, 0.0% in February
• Average hourly earnings, year-over-year: 5.5% expected, 5.1% in February
Coming in at 687,000, payrolls recorded a stunning upside surprise in February to mark the fourteenth consecutive month of expansion for the U.S. workforce. The surge in jobs added or created last month brought the level of employed Americans closer to pre-pandemic levels, though still 1.14 million short.
Experts are expecting the latest data to reflect another robust month of hiring. Economists surveyed by Bloomberg are looking for payrolls to rise by 490,000, according to consensus data. ... "It will be a challenge to match the 678,000 jobs added in February,” Bankrate senior economic analyst Mark Hamrick said. “Even so, the expectation is that payroll growth was still solid in March with the consensus north of 400,000 jobs.”
{snip}
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