Solid US labour market justifies swift Fed hikes

From think.ing.com

The March jobs report shows that the labour market continues to strengthen with non-farm payrolls rising 431k with an additional 95k of upward revisions to January and February data. This is versus a consensus forecast of 490k. The gains were spread throughout all sectors with manufacturing posting a 38k increase, retail was up 49k, trade and transport up 54k and business services up 102k. Leisure and hospitality continued to grow strongly with employment growth of 112,000 while Federal government was the only disappointment with 1,000 jobs lost. In aggregate, payrolls now stand at 150.93mn, which is 1.58mn below the ... (full story)