US job gains “holding up”; 303k more jobs in March

Summary: US non-farm payrolls up 303,000 in March, above expectations; previous two months’ figures revised up by 22,000; ANZ: job gains holding up in education, healthcare, government sectors; jobless rate edges down to 3.8%, participation rate rises to 62.7%; US Treasury yields up across curve; expectations of Fed rate cuts soften; ANZ: private payrolls excluding “eds and meds” rose 144,000 in March; employed-to-population ratio rises to 60.3%; underutilisation rate ticks...

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