Wages continue to slow down. Wage growth is now running at 3.2% on a three-month annualized bias. Production workers running at 4.2% pic.twitter.com/7ejY2CzMi9
— Nick Bunker (@nick_bunker) April 7, 2023
Nonfarm payrolls rose about in line with expectations in March as the labor market showed increased signs of slowing.
The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February.
The unemployment rate ticked lower to 3.5%, against expectations that it would hold at 3.6%, with the decrease coming as labor force participation increased to its highest level since before the Covid pandemic.
www.cnbc.com/2023/04/07/jobs-report-march-2023.html