March Non-Farm Payrolls lower than expected

Hi All,
today I was impressed by the fact that the US Nonfarm payroll was lower than expected.



As you can see from the chart the drop vs last month was remarkable. In my opinion, Q1 is always volatile. In Particular, we have to take in consideration that we had some big snow-falls on the North East during February and March.
On the other side Hourly Earnings went up more than expected at 2.7% YoY. Will inflation eventually come back. Let's see what will happen during the next months.

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