Private payrolls in the US increased 195,000 in March (seasonally adjusted), a moderately lower gain vs. February’s 236,000 advance, according to this morning’s update from the Labor Department. But the year-over-year trend improved, pointing to sustainable and healthy growth for the labor market in the near term.
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Global markets snapped back sharply in March, posting the first run of across-the-board monthly gains for the major asset classes in nearly two years.  Leading the markets higher: emerging market stocks (MSCI EM), which surged more than 13% last month—the biggest monthly advance in years for the index. Even the persistent bear market in broadly defined commodities had a reprieve in March—the Bloomberg Commodity Index gained nearly 4%.
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● US Jobless Claims Rose Last Week to 2-Month High | Bloomberg
● Job cuts down in Mar–2nd monthly decline | Challenger Gray
● US Consumer Comfort Index fell to 3mo low last week | Bloomberg
● Fed’s Dudley: US Economy In a ‘Good Place’ | MNI
● US employment gains seen strong, but wages tepid | Reuters
● China’s mfg activity unexpectedly expanded in March | Reuters