March Jobs Report

#Jobs — bigger loss than expected.

First monthly loss since Sept 2010.

Loss of 701,000 non-farm payroll jobs, vs. expected 10K loss
Unemployment at 4.4%, up by 1.1%
U6 unemployment at 8.7%, up by 1.7%
Wages up 0.4%; up from +0.3% last month
Labor force participation 62.7%, down by 0.7, lowest since Aug 2018

February revised down from +273K to +214K
January revised up from +273K to +275K