**U.S. labor market data released from ADP** **Employment in the private sector in March: +184 thousand jobs with a forecast of +150 thousand. For February: +155 thousand jobs (revised from +140 thousand jobs)** But the most problematic thing to predict inflation is that those who are changing jobs saw a sharp leap in wage growth to +10.0% year on year

**U.S. labor market data released from ADP** **Employment in the private sector in March: +184 thousand jobs with a forecast of +150 thousand. For February: +155 thousand jobs (revised from +140 thousand jobs)** But the most problematic thing to predict inflation is that those who are changing jobs saw a sharp leap in wage growth to +10.0% year on year