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Non-Farm Payrolls For March Large Beat On Expectations; Markets Closed For Good Friday

Seeking Alpha
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MarketPulse by OANDA Group711 FollowersFollow5ShareSavePlay(3min)CommentsSummaryThe March Non-Farm Payrolls (NFP) report came with a major surprise: +178K vs. 60K expectations.With major US equity and commodity markets fully closed for Good Friday, only futures are opened and they are quite stuck.US stock futures and bonds still sold off as the data pushes back against cuts even further. The US dollar is up slightly but its change is measly. designer491/iStock via Getty Images By Elior Manier The March Non-Farm Payrolls (NFP) report just dropped into a ghost town but came with a major surprise: +178K vs. 60K expectations. This completely erases the prior month's -92K release (which did get revisedThis article was written byMarketPulse by OANDA Group711 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.

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