Posted 4/4/2024, 3:23:00 PM
March Jobs Report Expected to Show Slower Growth and Signs of Cooling Inflation Pressures
- March jobs report expected to show 200,000 jobs added and 3.9% unemployment rate, signaling slight labor market softening
- Fed closely watching for signs of cooling wage growth as it battles inflation
- Slower job growth and wage moderation could indicate inflation becoming more tamed
- Labor market remained tight over past year, defying expectations of a slowdown
- Some signs emerging of hiring slowing and layoffs increasing, pointing to moderating conditions ahead
