Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

A "Help Wanted" sign in the window advertises a job opening at a dry cleaners in Boston, Massachusetts in this file image from September 1, 2010.

BRIAN SNYDER/Reuters

Economists expect to see another solid U.S. jobs report Friday, but there's a long way to go before unemployment drops to a more comfortable level for the Federal Reserve.

The Labor Department report is expected to show between about 170,000 and 250,000 jobs were created in the United States in March, compared to February's 236,600.

"We expect a 220,000 increase, somewhat less than in February (236,000) though marking the fourth month of the past five above 200,000 – that's roughly the dividing line between moderate and healthy growth," said senior economist Sal Guatieri of BMO Nesbitt Burns.

Story continues below advertisement

The employment report is among the most important of U.S. indicators at this point, not least because the U.S. central bank's policy-setting panel, the Federal Open Market Committee, has said it won't raise interest rates until the jobless rate eases to 6.5 per cent.

It stood in February at 7.7 per cent – its lowest in five years, but still high – and it's believed to have remained there last month.

"Besides the jobless rate, the Fed will have a keen eye on the employment-to-population ratio," Mr. Guatieri said.

"It likely needs to bounce from three-decade lows before the FOMC sees substantial improvement in the labour market outlook and begins tapering QE3," he added, referring to the central bank's third round of quantitative easing.

Also to be carefully watched on Friday: the contrast between the private sector and the public sector. The latter has been hit by cutbacks.

Toronto-Dominion Bank economists, who believe 195,000 jobs were created in March, expect the report to show the private sector created 205,000 jobs, while the public sector slashed 10,000.

"In the coming months, we expect the labour market momentum to slow modestly, reflecting the overall slowdown in economic growth performance," TD said, suggesting it will be some time yet before unemployment falls to the Fed's 6.5-per-cent mark.

Story continues below advertisement

Andrew Grantham, of CIBC World Markets, expects to see job gains in the retail and construction industries.

"Retailers, surprised by the resilience of consumer spending so far, may have upped hiring, while the recovery in housing should continue to benefit employment in the construction sector," he said.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies