It's not a big number, but it's earlier than even we thought.
Non-farm payrolls started increasing in QI 2010. Make a note.
The bonds are taking this hard, and are breaking minor support.
* * * * * J B K * * * * *
San Francisco
April 2 (Bloomberg) -- Employment in the U.S. increased in March by the most in three years and the unemployment rate held at 9.7 percent as companies gained confidence the economic recovery will be sustained.
Payrolls rose by 162,000 last month, less than anticipated, figures from the Labor Department in Washington showed today. The March increase included 48,000 temporary workers hired by the government to conduct the 2010 census, as well as job gains in manufacturing and health services.
The government revised January and February payroll figures up by a combined 62,000, putting the March gain at 224,000 after including the updated data. Caterpillar Inc. is among companies adding staff, indicating the recovery that began in the second half of 2009 is starting to foster the jobs needed to lift consumer spending and sustain the expansion.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aehAkiag49Hc
