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Stock impact report

Despite big gains, March jobs report may point to a stilled market [Yahoo! Finance]

ZipRecruiter, Inc. Class A (ZIP) 
Company Research Source: Yahoo! Finance
Total nonfarm payroll rose by 178,000 jobs in March and the unemployment rate dropped to 4.3% , according to the U.S. Bureau of Labor Statistics — but these headline numbers hide evidence of a job market remaining still, economists said. The gains beat expectations , though February numbers were revised further down by 41,000 jobs to a loss of 133,000, “unusually large swings,” Andrew Flowers, chief economist at Appcast said in a statement. This “choppy trend” may obscure “baseline conditions of a low-hire, low-fire labor market,” he continued. Laura Ullrich, director of economic research for the Indeed Hiring Lab, noted that the rhythm of the job market “hasn't been about job losses or gains. It's been about stillness.” “The result is a labor market that has essentially adopted a defensive posture, and March's numbers, while stronger than expected, don't suggest that posture is changing,” Ullrich continued. For example, the unemployment rate dropped, but that may be in part Show less Read more
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