March Jobs Report

#Jobs — Gains exceed expectations once again.

Gain of +303,000 non-farm payroll jobs, vs. expected gain of 214K
Unemployment down 0.1% to 3.8%, as expected
U6 unemployment 7.3%, unchanged
Labor force participation up 0.2% to 62.7%
Average hourly earnings up by 0.3%, as expected; +4.1% Y/Y as expected

February jobs revised down by -5K to +270K
January jobs revised up by +27K to +256K