US payrolls projected to increase by 200,000 for the 4th month in a row, with 4.1% annual earnings growth, indicating sustained labor market and economic growth.

US payrolls are forecasted to increase by at least 200,000 for a fourth consecutive month, with average hourly earnings projected to rise 4.1% year-over-year, the smallest annual growth since mid-2021. Healthy employment gains suggest the US labor market is sustaining economic growth with limited inflation risks. The Federal Reserve can delay interest rate reductions, awaiting further declines in price pressures.

March 30, 2024
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