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The US stock market is closed today, but tonight they will release their March employment data, including the Non-Farm Payrolls and the unemployment rate. Pay close attention at 8:30 PM.
It's important to note that last month’s Non-Farm Payrolls were negative 92,000. The risk in the job market is currently the reason the Federal Reserve might not raise interest rates, or even cut them. The market is currently expecting an increase of 60,000 jobs in March. If this month’s employment data is still very poor, it will raise concerns about a recession and increase the likelihood of rate cuts.