Today’s Jobs Report

This morning, the government reported that the unemployment rate fell to 4.7% last month, the lowest in 4-1/2 years. The economy added 211,000 new jobs in March.
This was stronger than the Street was expecting. The yield on the 30-year Treasury broke 5% this morning, and the 10-year yield isn’t far behind. I guess those worries of an invested yield curve are gone. (For now.)
For all you data nerds, here’s a spreadsheet of the unemployment rate going back to 1948, and here are non-farm payrolls going back to 1939.
Enjoy.

Posted by on April 7th, 2006 at 10:05 am


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