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