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🇺🇸💼Economists Remain Pessimistic On U.S. Labour Market: Cable FX Macro

  • The March headline job count topped the highest of economists' estimates at 303K while the prior two-month revision added 22K jobs

  • Continuous upside surprises may reflect economists' pessimism on the U.S. labor market as we have not seen a headline miss since October

  • The Cable FX Macro NFP Dashboard shows headline data surprises averaging 60K over the past year, March stands at 89K, the biggest upside surprise since December



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