Market Commentary

Jobs

Jobless Claims

Last Friday the jobs report for March was released and it was a very good number at 916,000. However, there is another part of the report that not many pay attention to and that is the number of job openings. It climbed to 7.37 million and that was more than the pre-pandemic level. The economy is starting to surge as the shutdown restrictions are eased further.

The economy actually began to rebound starting in January, but it takes a little time for the economic numbers to actually reflect that improvement.

This is good news, and it is without the benefit of the most recent stimulus package.