It’s going to be almost impossible to observe what impact the sequester government spending cuts is having on the labour market. But we expect it will be fairly small. In any case, it is too soon for any impact to show up in March’s data, which are likely to reveal that non-farm payroll employment rose by a reasonably healthy 200,000 last month.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services