Consensus for the March employment report includes a historically sluggish NFP rebound (+50,000 to +65,000) and sticky Average Hourly Earnings (+0.3% to +0.4%). A "stagflation shock" (low jobs growth ...
Market expectations call for a significant deceleration in job growth (58k-65k), with sticky Average Hourly Earnings (+0.4% m/m) being the "danger zone" for potential stagflation. A strong NFP (> 100k ...
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