5 Things to watch in the March NFP report - WSJ
|The Wall Street Journal (WSJ) is out with an article today, highlighting five key things to look out for in the upcoming US labor market report for March later today.
Key Points:
- Hiring ... likely benefited from warmer-than-usual weather ... "Don't be surprised if we see payback for this in March"
- Construction sector may have been the biggest beneficiary of unusually balmy weather ... the month was the second-warmest February on record
- Average hourly earnings... in February, near their fastest pace of growth during the current expansion
- Unemployment ... The broadest measure, which counts people who want full-time jobs but are stuck in part-time positions, was 9.2%, matching the lowest level since 2008
- Long-term decline in the labor-force participation rate among those 25 to 54 years old-people who should be in their prime working years
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