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Daily Note | March 8, 2024 | Jobs Day Sending Yields Lower

Daily Note | March 8, 2024 | Jobs Day Sending Yields Lower

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Yield Hunting
Mar 08, 2024
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Daily Note | March 8, 2024 | Jobs Day Sending Yields Lower
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Summary

  • Higher than expected headline number of 275K new jobs, but data under the surface is more muted.

  • Revisions show a massive -170K drop in January's report.

  • Unemployment rate jumps to +3.9% and household employment survey falls for the third straight month.

Today was jobs day and the headline number came in higher than expected at 275K new jobs. Howeve…

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