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Tag Archives: March jobs report

March jobs report: almost uniformly positive, making a “soft landing” the default 2024 scenario

In sum, this month’s report was very much consistent with a “soft landing” scenario, which must be regarded as the default outcome at this point. Read-on for the details . . . – by New Deal democrat The Bonddad Blog In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically:  Whether there is further...

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Blockbuster March jobs report, but still a long way to go

Blockbuster March jobs report, but still a long way to go  –HEADLINES: +916,000 million jobs added. The alternate, and more volatile measure in the household report indicated a gain of 609,000 jobs, which factors into the unemployment and underemployment rates below.U3 unemployment rate declined 0.2% to 6.0%, compared with the January 2020 low of 3.5%, and the April 2020 high of 14.8%.U6 underemployment rate declined 0.4 to 10.7%, compared with...

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