U.S. Nonfarm Payrolls Rise 120,000 (Update2)
RDQ Economics noted that March's number must still go through two revisions and that other measures of employment have suggested the month's job growth was much stronger.
On Wednesday, Automatic Data Processing reported that private-sector jobs increased by 209,000 in March.
The March number will generate enough uncertainty that the Federal Reserve policymakers will leave open their quantitative easing options at their April 25 meeting, wrote John Ryding and Conrad DeQuadros at RDQ Economics.
But, they added, "this report, even taken at face value, is not a sign of weakness given the volatility in the data."
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