Reply #12: U.S. March nonfarm payrolls up 110,000, below expected [View All]

[UpInArms]

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38443.3542660648-833758381&siteID=mktw&scid=0&doctype=806&

WASHINGTON (MarketWatch) - The U.S. economy added only 110,000 jobs in March, the Labor Department. This was well short of Wall Street expectations. Economists had forecast payrolls to grow by about 221,000 in March. The unemployment rate fell to 5.2 percent in March from 5.4 percent in February. This was below Wall Street expectations for the unemployment rate to slip to 5.3 percent. Gains in nonfarm payrolls in February and January were revised down by a total of 27,000. Average hourly earnings increased 4 cents, or 0.3 percent, to $15.95. The average workweek was steady at 33.7 hours.

8:30am 04/01/05 U.S. MARCH AVERAGE WORKWEEK FLAT AT 33.7 HOURS

8:30am 04/01/05 U.S. MARCH FACTORY JOBS DOWN 8,000

8:30am 04/01/05 U.S. MARCH RETAIL JOBS DOWN 10,000

8:30am 04/01/05 U.S. MARCH AVERAGE HOURLY EARNINGS UP 0.3%, 2.6% Y-O-Y

8:30am 04/01/05 U.S. MARCH UNEMPLOYMENT RATE 5.2% VS 5.4% IN FEB.

8:30am 04/01/05 U.S. JAN NONFARM PAYROLL UP 124,000 VS 132K PREV

8:30am 04/01/05 U.S. FEB NONFARM PAYROLLS UP REV 243,000 VS 262,000 PRE

8:30am 04/01/05 U.S. MARCH NONFARM PAYROLLS UP 110,000 VS 221K EXPECTED

(edited to fix report lines)