Nonfarm Payrolls At +162.000 / Unemployment Rate At 9.7%

April 2nd, 2010 by Belisarius

Nonfarm payrolls increased 162.000 in March. The consensus was at 200.000, revised reading for March was -14.000. The unemployment rate remained at 9.7%.

Below consensus reading, despite census hiring. Weather impact was 100.000, so “core” +60.000 is not much of an improvement.

Chart 1. Nonfarm Payrolls & Unemployment Rate

Source: BLS

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