(Bloomberg View) — Here are the eight quick things to know about the jobs report released today:

1. 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.

2. The sectoral composition of the job gains and losses indicates that weather disruptions and international headwinds contributed to the disappointing number. Together, those forces countered what is still weak structural growth momentum.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Employer-Paid
Employee Participation