2011-04-01ritholtz.com

``March saw better than expected job gains of 216k vs expectations of 190k and the private sector added 230k jobs, 24k above estimates. There was a net upward revision of 7k to the prior two months but positively by 44k in the private sector. The unemployment rate ticked down .1% to 8.8% as the Household survey said 291k jobs were added vs a 160k increase in the size of the labor force... The disappointment within the data was a zero increase in average hourly earnings for the 4th month in the past 5 just as the cost of living continues to hit record highs.''



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