Economists note that while strong job growth is generally positive, the rapid pace of hiring in the service and manufacturing sectors may lead to wage-push inflation. Bond prices fell shortly after the announcement, reflecting expectations of higher interest rates in the coming months. Industry Outlook
Continues to be the primary engine of job creation.
– The latest employment figures released by the Labor Department have sent a ripple of caution through financial markets today. The report indicates a sharper-than-expected rise in non-farm payrolls, suggesting that the U.S. economy may be growing at a pace that could reignite inflationary pressures. Key Labor Statistics
Showed a modest uptick as seasonal weather patterns improved. Retail: Stable growth ahead of the spring shopping season.