March Jobs Report: Significant Bounce Back, Health Care Sector Leads

Employers added 178,000 jobs in March, a rebound from February's losses, with gains concentrated in the healthcare sector that had driven the prior weakness. The print signals a modest re-acceleration in payroll growth but is unlikely to by itself force a significant change in market expectations without continued follow-through.

Analysis

Employers added 178,000 jobs in March, a rebound from February's losses, with gains concentrated in the healthcare sector that had driven the prior weakness. The print signals a modest re-acceleration in payroll growth but is unlikely to by itself force a significant change in market expectations without continued follow-through.