Preview: March non-farm payrolls by the numbers -- the highest consensus since 2022 ...Middle East

What's expected:Consensus estimate +243K (range +150 to +280K)Private +190K estimate vs +232K priorFebruary +303KUnemployment rate consensus estimate: 3.8% vs 3.8% priorParticipation rate: 62.7% priorPrior underemployment U6 7.3%Avg hourly earnings y/y exp +4.0% y/y vs +4.1% priorAvg hourly earnings m/m exp +0.3% vs +0.3% priorAvg weekly hours exp 34.4 vs 34.4 priorMarch jobs so far:ADP report +192K vs +175K expected and +208K priorISM services employment released Friday at 10 am ETISM manufacturing employment 48.6 vs 47.4 priorChallenger job cuts 64.7K vs 90.3K prior (four month low)Philly employment -10.7 vs -9.6 priorEmpire employment -5.7 vs -7.1 priorInitial jobless claims survey week 2

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