Not-So-Private Payrolls


The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began.

The Labor Department reported Friday that the economy added 216,000 new jobs last month, offsetting layoffs by local governments. Factories, retailers, education, health care and an array of professional and financial services expanded payrolls.


I know we say this every time, but this non farm payrolls report feels like the big one.  The one that decides the next (first) interest rate hike.  The one that solidifies the Recovery in the eyes of Main Street and the non-financial press.  There’s nothing private about these private payrolls, the number and sentiment will spillover into the news all weekend.

Estimates and color via MarketWatch:

Friday’s payroll report from the Labor Department, due at 8:30 a.m. Eastern, is expected to show 185,000 jobs created outside the farming sector during March. Private-sector payrolls may have back-to-back plus-200,000 readings for the first time in five years.

The unemployment rate is expected to tick up to 9% but that comes after several months of eye-popping improvement in the closely-watched indicator. The rate stood at 9.8% only four months ago.

The stock market has already broken out in anticipation of a good number, even factoring in a bit of this week’s customary quarter-end window dressing.

As Pamela Anderson says upon receiving the results of her latest hepatitis test, “We shall see”.


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Zeitarbeitsfirma Pflege Wankendorf commented on Sep 15

    … [Trackback]

    […] There you will find 12723 more Information to that Topic: […]

  2. commented on Sep 17

    … [Trackback]

    […] Information on that Topic: […]

  3. bitcoin loophole review commented on Sep 27

    … [Trackback]

    […] Read More Info here on that Topic: […]

  4. bitcoin era commented on Sep 30

    … [Trackback]

    […] Info on that Topic: […]

  5. 먹튀검증놀이터 commented on Nov 07

    … [Trackback]

    […] There you will find 88566 additional Info on that Topic: […]

  6. 호박티비 commented on Nov 19

    … [Trackback]

    […] Here you can find 54077 more Info to that Topic: […]

  7. td easyweb sign in commented on Nov 26

    … [Trackback]

    […] Read More Info here on that Topic: […]

  8. wigs commented on Dec 17

    … [Trackback]

    […] Find More here on that Topic: […]

  9. casino online commented on Jan 13

    … [Trackback]

    […] Read More to that Topic: […]

  10. Automated regression testing commented on Jan 17

    … [Trackback]

    […] Find More Information here on that Topic: […]