Payroll Numbers Down 80,000 In March

Posted by Bull Bear Trader | 4/04/2008 07:29:00 AM | | 0 comments »

Payroll numbers down 80,000 in March, after falling 76,000 in both January and March. Government hiring kept the number from falling below 100,000 in losses. The unemployment rate was up 0.3% to 5.1%. Average hourly earnings increased 0.3% to $17.86 per hour, up 3.6% from last year. Futures are selling off after an initial spike right before the number (probably some nervous shorts covering positions).