PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning.
Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey.
The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February.
It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away.
Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.
Persons:
”, Joe Davis, Guy Berger
Organizations:
Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute
Locations:
U.S