Another month of very solid hiring for the U.S. economy

Payroll growth rose by 303,000 in March and private sector firms added 232,000 jobs.

The unemployment rate ticked down to 3.8% from 3.9% in February

Average three-month private sector hiring: pic.twitter.com/5Yt9teYndI

— Nick Timiraos (@NickTimiraos) April 5, 2024

Solid headline jobs growth. But the household survey shows yoy full-time jobs growth falling to a 3-year low, while part-time jobs growth soars to a 2¾-year high.#Jobs #JobsReport pic.twitter.com/aXoQPloeMv

— Economic Cycle Research Institute (ECRI) (@businesscycle) April 5, 2024

We've lost 1.8 MILLION full time jobs in just the last 4 months. 🤢 That's (not surprisingly) the biggest such drop since Covid and the Great Recession before it. https://t.co/xswAwXF8DG

— steph pomboy (@spomboy) April 5, 2024

March Full-time jobs: -6000
March Part-time jobs: +691,000 pic.twitter.com/tNmZr3uAjH

— zerohedge (@zerohedge) April 5, 2024

The much stronger monthly job creation of 303,000 is not the only the big upside surprise in today’s jobs report. Labor force participation rose from 62.5% to 62.7%, consistent with the favorable domestic supply side influence that has fueled the current phase of US economic…

— Mohamed A. El-Erian (@elerianm) April 5, 2024

MARCH JOBS

+300k sounds hot, BUT more than 50% government + education/health.

This continues the trend of government jobs growing much faster than private sector. pic.twitter.com/KJMY0Orh8t

— Warren Pies (@WarrenPies) April 5, 2024

Good Morning Everyone! The US added 303,000 jobs in March.

This is significantly higher than the 214,000 expected.

This is also higher than the average monthly gain of 231,000 over the prior 12 months.

Job gains came from health care, government, and construction.

Whether…

— Genevieve Roch-Decter, CFA (@GRDecter) April 5, 2024

Nothing about this chart suggests we have a 'strong' labor market. Far from it. FT jobs down -1.3% yy…PT jobs up 7.5%y/y pic.twitter.com/1kq9yJoRON

— steph pomboy (@spomboy) April 5, 2024

Bond yields jump and Dollar rises on hot US jobs report: US added 303k jobs in March, way higher than Street estimates of +214k. Household survey showed a large 498k MoM jump in the number of employed people too. Unemployment rate ticked down to 3.8% from 3.9%, inline… pic.twitter.com/rN6KrJPCt6

— Holger Zschaepitz (@Schuldensuehner) April 5, 2024

Crude Oil forms a Golden Cross for the first time since August. The last Golden Cross sent Crude Oil soaring by 20%. pic.twitter.com/VdEyo5Xhha

— Barchart (@Barchart) April 5, 2024