Labor Market ‘Stable, With a Lot of Volatility,’ Economist Roth Says

Unemployment fell to 4.3% in March as hiring topped forecasts, per the US jobs report; Stephanie Roth, chief economist at Wolfe Research, reacted to the stronger-than-expected data. The upside in hiring and a lower unemployment rate raise the likelihood of tighter Fed policy and could put upward pressure on yields, creating mixed implications for risk assets.

Analysis

Unemployment fell to 4.3% in March as hiring topped forecasts, per the US jobs report; Stephanie Roth, chief economist at Wolfe Research, reacted to the stronger-than-expected data. The upside in hiring and a lower unemployment rate raise the likelihood of tighter Fed policy and could put upward pressure on yields, creating mixed implications for risk assets.