US March non-farm payrolls +236K vs +239K expected | Forexlive

The household survey data is very strong with 577,000 jobs added and 480K people entering the workforce. The earnings numbers are flattening out and the Fed will take some comfort in that but there’s been a building theme this week of a turn in the jobs market and you don’t see it in this data. It will be tough for the Fed to avoid hiking in May now and the implied odds are up to 71% in the Fed fund futures market from about 55% before the release.