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The hot jobs market could mean big gains for March payrolls and wages

From cnbc.com

The economy is expected to have added nearly a half-million jobs in March, and wage gains also likely picked up at a hotter pace. Economists expect 490,000 payrolls were added, down from 678,000 in February, according to Dow Jones. The employment report, released at 8:30 a.m. ET Friday, is also expected to show the unemployment rate dipped to 3.7%, from 3.8% The pace of wage gains is expected to increase to 0.4% over February or 5.5% year-over-year, Dow Jones found. In February, wages were flat on a monthly basis, but rose 5.3% year over year. “The job market feels like it’s rip-roaring,” said Mark Zandi, chief ... (full story)

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  • Category: Fundamental Analysis