Bonus Episode: The March Jobs Report 4/7/23
Squawk Pod
00:00
The March Jobs Report
The March Jobs Report is expected to show 230,000 non-farm jobs. The unemployment rate drops from 3.6 to 3.5 and average hourly earnings are up 4.2%. Average weekly hours per employee was 34.4, that's 1-10 lighter than the rear view mirror. And if we put this in the context of yesterday's big revisions, benchmark revisions on initial and continuing claims, my feeling is the Fed ought to be paying a lot more attention to some of the issues that may be showing a slowdown or at least a less tight labor market.
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Transcript
