Nomura: The U.S. non-farm payrolls in March are expected to slow to 110,000, with the unemployment rate rising to 4.2%

Nomura expects that the growth of non-farm payrolls in the U.S. in March will slow to 110,000, with the unemployment rate rising to 4.2%. Due to a slight increase in the number of unemployed, government employment may experience negative growth. Although the labor market is cooling, the fundamentals remain healthy, which is expected to support consumer spending. In recent months, unemployment-related indicators have risen, with initial jobless claims increasing and labor demand stabilizing