The Jobs Report Surpasses Estimates

Nonfarm payroll growth blows past estimates … Biden and Trump differ on their views of the economy … strong on the macro, weak on the micro … the deteriorating shape of retirementJob creation in March blew away expectations.This morning, we learned that nonfarm payrolls increased by 303,000 last month. That was a whopping 50% higher than the Dow Jones estimate of 200,000.The rest of the report was mostly in-line with expectations. The unemployment rate edged lower to 3.8% as had been forecasted. Meanwhile, ...