Skip to content
Subscriber Only
Mohamed A. El-Erian

Eight Takeaways From the March Jobs Report

The lackluster employment numbers sent yields and the dollar lower, pointing to downward revisions in U.S. growth assessments and the expectation of a delay of the first interest rate increase by the Federal Reserve.
A temporary slowing?

A temporary slowing?

Photographer: Paul J. Richards/AFP/Getty Images

Here are the eight quick things to know about the jobs report released today:

 The U.S. employment machine notably lost momentum in March, with just 126,000 new jobs added -- far fewer than the consensus expectation of around 250,000 -- and with revisions erasing 69,000 from the previous two months’ total,  according to the Labor Department. The lackluster result ends an impressive 12-month run of job gains in excess of 200,000.