March NFP +192K, Unemployment = 6.7%

March nonfarm payrolls came in at 192,000 which was below Wall Street’s consensus for 206,000. The number for January was revised higher by 15,000, and February was revised higher by 22,000. The unemployment rate stayed the same at 6.7%. If we split out the decimals, the unemployment rate fell from 6.716% to 6.712%.

Over the last six years, the economy has lost 271,000 jobs. For the first time since August 2009, the jobs-to-population ratio crossed 58.9%. It had been stuck in a narrow range for more than four years.

image1394

Posted by on April 4th, 2014 at 8:48 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.