While most of the world’s financial markets settled into the Easter holiday weekend, the March edition of official US employment data surprised sharply to the upside. Traders may take a dismal view of the result however as the Fed struggles to respond to an inflation shock from the Iran war that threatens economic growth. The Bureau of Labor Statistics (BLS) reported that the US economy added 178,000 jobs to nonfarm payrolls last month. That topped economists’ median forecasts calling for a rise of 60,000. The unemployment rate unexpectedly declined to 4.3%, matching January’s reading and reversing February’s rise to ... (full story)