March jobs number may come out like a lion

On Friday we get the March jobs report, which The Street sees as coming in at 180,000 new positions.

This would be much better that the 20,000 number we saw in February. That number is considered a one-off due to the government shutdown in January.

Now the question is will the Labor Dept. revise the last three months so that job creation hits 300,000 on Friday? It could work out that way. and if it does what would be the market reaction?

Shares could sell off on the idea that good news means the Fed may have to raise rates again. My opinion is the Fed should stay on  the sidelines with its hands in its pockets until after the election.

There’s no inflation and joblessness is at decades low. That’s the Fed’s dual mandate so Jerome Powell and company should leave well-enough alone.

1 thought on “March jobs number may come out like a lion

  1. Pingback: Jobs number returns to solid 196K mark | Gray's Economy

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