These two items, from the sources shown at the top of each, were the lead stories in emails which arrived this morning:
Bloomberg (via The Washington Post’s Wonkbook)
“Employers probably added more than 200,000 workers to payrolls in March for a fourth straight month as U.S. companies gained confidence sales will keep improving, economists said before a government report today. Hiring increased by 205,000 after rising by 227,000 in February, according to the median projection of 80 economists surveyed by Bloomberg News. The last time employment advanced at a similar pace for as many months was late 1999 into 2000. The jobless rate probably held at a three-year low of 8.3 percent. The pickup in jobs has propelled consumer sentiment to a four-year high, boosting the odds household spending, which accounts for 70 percent of the economy, will keep growing.”
Daily Beast Cheat Sheet
Bad news: the streak of robust hiring in the U.S. economy has come to a close. After three months of at least 200,000 new jobs added, the U.S. produced only 120,000 jobs in March, a disappointing number that was lower than expected. The Bureau of Labor Statistics said Friday the unemployment rate dropped from 8.3 to 8.2 percent, due in part to fewer Americans looking for work, not entirely to more people finding jobs. Stock futures are falling in response to the news.