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March payrolls rise by 178000 but deeper issues remain, James E. Thorne points out
James E. Thorne commented on the March U.S. jobs report, noting that headline figures do not reflect the underlying weakness in the labor market.
He stated that while March payrolls increased by 178,000, the numbers appear less robust upon closer examination. Additionally, Thorne highlighted that February’s figures were revised sharply lower. His comments suggest ongoing challenges below the surface of official labor statistics.
Thorne has recently commented on other commodity markets. In a prior note, he indicated that oil futures signal a well supplied market and projected lower crude prices ahead. He also observed that gold and silver prices are undergoing mean reversion, with market narratives lagging recent moves.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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