No matter which way the next jobs report turns out, it won't have an immediate impact on stocks. That's because the March nonfarm payrolls report will be released on Good Friday, a day on which the stock market will be closed.
Nevertheless, the latest jobs report is as highly anticipated as always. A squeaky-tight labor market has been all but forcing the Federal Reserve to maintain its aggressive policy on interest rates. Nevermind that rising rates precipitated a crisis in regional bank stocks and are having their intended effect of retarding economic growth.
