Posted 3/30/2024, 8:00:00 PM
US Job Growth Seen Remaining Solid in March Despite Slowing Wage Gains
- US payrolls expected to increase by at least 200,000 jobs for 4th straight month in March, indicating resilient labor market
- Average hourly earnings growth projected to moderate to 4.1% annually in March
- Job openings data on Tuesday will provide insight into labor demand, though vacancies remain high
- Unemployment rate forecast to edge down to 3.8% in March, signaling slight loss of momentum in job market
- Fed Chair Powell and several policymakers giving speeches this week after latest inflation data showed price pressures cooling
