4.7 • 5.8K Ratings
🗓️ 2 April 2021
⏱️ 53 minutes
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0:00.0 | I'd like to thank Indeed for continuing to support my podcast. |
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0:29.1 | slash Peter offers valve through June 30 terms and conditions do apply. |
0:35.5 | Well, the US stock indexes were all closed today in observance of the good Friday holiday, |
0:43.6 | but that didn't stop the labor department from releasing the non-farm payroll report |
0:50.5 | for March. |
0:51.7 | And there was a lot of anticipation surrounding this report. |
0:56.0 | In fact, there were some whisper numbers that the number would come out above 1 million |
1:01.6 | jobs created during the month. |
1:04.2 | But the official consensus was about 658,000 jobs. |
1:10.5 | We ended up coming in at 916,000 so near the high end of expectations, but not above that |
1:18.6 | whisper number of 1 million jobs. |
1:21.9 | But they did operatively revise the original estimate for February originally reported at |
1:29.4 | 379,000 jobs. |
1:32.5 | That was operatively revised to 468,000 jobs. |
1:37.4 | The official unemployment rate also declined as expected from 6.2% to 6%. |
1:45.5 | But again, unofficially, the real rate remains well in excess of 10%. |
1:50.7 | I mean, I'm not really sure what it is. |
1:52.7 | You can look at the U6 number, which is still above that number, but the labor force participation |
1:58.9 | rate, while it did not jump from 61.4 to 61.5, that's still a very low number. |
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