Responses to the NFP report from various banks are incoming - here is Citi:

  • "The last time payrolls were averaging close to 300K was in the mid-1990s when the economy was growing much faster than now
  • So some normalization was inevitable
  • or this report, we thought that the harsh weather leading up to the March survey would limit gains
  • That seems to be the case, only the headline was even lower than our below consensus forecast."

More reactions:

  • From Goldman Sachs
  • From Citi
  • From BNP
  • From BoA/Merrill Lynch
  • From UBS and Morgan Stanley
  • From Barclays
  • From RBC and Credit Suisse
  • From CIBC

Note: Adam had earlier reactions here: Seven economists reactions to nonfarm payrolls