Morning Must-Read: Elise Gould: Too Soon to Sound the Alarm, but March Jobs Numbers Should Give Us Pause
…While it’s important not to put too much stock in a couple months of data—especially given the unusual amount of snow that blanketed the country in the past two months—policymakers should be wary of any signs of any slowdown from the solid job growth over the previous year…. There is still ample slack in the labor market. Private sector hourly wages are up only 2.1 percent over the year…. The Federal Reserve should not be thinking about tapping the brakes any time soon.