by Calculated Risk on 4/01/2021 09:00:00 PM

My March Employment Preview

Goldman March Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for March.   The consensus is for 565,000 jobs added, and for the unemployment rate to decrease to 6.0%.

Click on graph for larger image.

This graph shows the job losses from the start of the employment recession, in percentage terms.

The current employment recession is by far the worst recession since WWII in percentage terms, and is currently about as bad as the worst of the "Great Recession".