The U.S. labor market cooled along with expectations in March. There were 236,000 Nonfarm Payroll jobs added, in line with the consensus estimate for 239K (range +78K to +325K). There were expectations of a negative flow on from the technology and financial layoffs as evidenced by March ADP employment at +145K vs 216K expected. Job gains at many services businesses are helping offset cuts at large companies in industries such as technology, finance and entertainment. Jobs were strong in the … Continue reading U.S. March Employment Cools as Expected with Service Jobs Offsetting Technology and Financial Layoffs