Jobs Report Comes in Light After Disappointing JOLTS Report
The ADP Payrolls data for March showed the US economy added 145,000 jobs in March, well below the 200,000 the market was expecting. This comes after yesterday's disappointing Job Openings and Labor Transition (JOLTS) report that showed job opening in the US fell by more than 600,000 last month. The narrative of the "strong jobs market" is faltering.
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