The Cold Market Data In The US Job Market Are Substantially Weaker Than Expected.

The US job market suffers from "ice storm". Jefferies economist Thomas Simons said the US non farm report showed a general weakness. Maybe it's due to the weather, but it's not certain.

Tom Di Galoma, ED&F Man's interest and credit officer, said that the rest of the year is clearly the US Federal Reserve. At such a pace, it is difficult for them to raise interest rates in 2016; this report is not a sign of good economic performance in the US.

Bricklin Dwyer, an economist at Bank of Paris, France, said that the Fed's data temporarily kept the Fed cautious. Fed officials are expected to wait for more job market data to confirm whether employment growth continues to slow down.

Bricklin Dwyer said today's report raises questions about whether "weak data is only caused by temporary factors". The participation rate of labor rate is the lowest since 1978.

Brown Brothers Harriman foreign exchange strategist Win Thin said: "I don't think it's time to panic. This is only the first quarter. I don't think so. Federal Reserve Panic. Our interpretation of the current economic situation is incomplete. The economy of the northwest region has been hit hard in winter. It will be several months before we can really see the situation.

Alan Ruskin, global president of Deutsche Bank's G10 foreign exchange strategy, said the bad weather is likely to be one of the reasons, but the data released today coincide with other parts of the economy, indicating a potential slowdown in the economic recovery.

Chief economist Moodie Mark Zandi The employment figures show that economic growth is still strong and is only adjusting. He predicted 200 thousand before, and said that the level of close to 300 thousand must not be maintained. Economic recovery General trend.

Newedge Strategy Analyst Omair Sharif said that on the surface, the first quarter weakness in the United States had already been settled, but the data in March only stopped for a while. It is expected that the second quarter is expected to return to normal.

There were comments that entrepreneurs had disrupted the market, making the number of non-agricultural employment less than expected. Jack Kleinhenz, chief economist of the US National Retail Federation, said WAL-MART, TARGET and McDonald's raises were favorable, and said, "we are allowing the market to operate on its own, rather than government intervention."

Michael Madowitz said: "although corporate wage increases will disrupt the labour market theoretically, the wage increase action of large enterprises will not affect the overall data."

The number of new non farm workers in March was 126 thousand, only about half of that in February. Although the unemployment rate was 5.5%, the employment participation rate dropped to 62.7% at the lowest level in 1978. The decrease in the number of new non-agricultural employment is mainly caused by the employment data of manufacturing industry, and the manufacturing population has dropped by 1000.