NFP came in parallel to expectations at 236k for March (Feb:326k), which could be deemed as the goldilocks outcome as the market could have feared a recession should there be a much weaker figure, a stronger outcome on the other hand could have increased the odds of more rate hikes, scaring the market. Unemployment ticked down to 3.5% (Exp&Feb:3.6%) and avg hourly earnings growth cut pace to 4.2% (Exp:4.3%, Feb:4.6%), both of which are FED desired outcomes. Relieving numbers overall.
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