NFP Live: Did the US jobs report make a comeback?
After a dismal 20K increase in February, March is already expected to show a rise of no less than 180K, back to the averages. For markets, it is critical to see that jobs are back to normal and show that February was a one-off and not a sign of an upcoming recession. Wages are projected to remain at high levels of 3.4% y/y. The Fed is watching closely and the USD, which has risen ahead of the event, is also examining every figure.
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