The US labor market suffered a sharp deceleration in growth in March, but yesterday’s economic releases suggest that last month’s stumble may be a temporary setback rather than the start of deeper troubles that linger. Monday’s updates certainly paint a picture of an economy that’s still expanding at a brisk pace in the services sector, including payrolls.
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● Fed’s labor-markets conditions index slows in February | MarketWatch
● Conference Board’s US Employment Trends Index Edged Down in March | CB
● US services sector growth slows a bit; executives still upbeat | Biz Journals
● PMI: Sharpest increase in US services sector output since Aug 2014 | Markit
● PMI: Eurozone growth improved in March | Markit