The US labor market hit a rather large speed bump in March, decelerating to the slowest pace of growth since Dec. 2013, the Labor Department reports. Companies added a sluggish 129,000 jobs last month, far below the 240,000 gain that economists predicted via Econoday.com’s consensus forecast and the revised 264,000 gain for February.
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● US Jobless claims fall 20,000 to 268,000, near post-recession low | MarketWatch
● The pace of US job cuts slows significantly in March | Challenger
● US factory orders rise in Feb, breaking 6-mo losing streat | USN&WR
● Atlanta Fed’s Q1 GDP forecast for US falls to 0% | Atlanta Fed
● US Mortgage Rates Steady As Spring Buying Season Starts | RTT
● China’s services sector expands in March, job growth at 10-mth low | Reuters