Unpacking March’s Employment Report…Live!

April 6th, 2012 at 9:00 pm

Hey OTEers, Michelle and I take a stroll through the March jobs report, getting a bit into the weeds, but not too far.

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One comment in reply to "Unpacking March’s Employment Report…Live!"

  1. TheArmoTrader says:

    Hey Jared, one thing I would say is that we should wait for the revisions before we fully analyze the March jobs data.
    The Jan/Feb average revision was only ~11K (up), so if we are expecting a similar revision in March, it won’t make much of a difference. However, just because the Jan/Feb march revision up was minimal, doesn’t necessarily mean March will be too.
    We have to remember how off sometimes the first report can be with the final revision.
    Think back to August 2011. Remember that big fat ZERO jobs added? Well, that ended up being I think +105K. Not saying we see a 100K revision up in March, but if we do see a +40K revision up, the jobs report wouldn’t look so bad anymore (at 162K).
    And yes, I know we can see a revision down, but since the trend is up for now (and has been since last summer), I think we will continue seeing revisions up as the Economy improves.