Friday’s jobs report definitely put a cap on market enthusiasm, suggesting the recovery remains tepid.  Non-farm payrolls (NFP) added 120,000 jobs in March, well below the 200,000+ recorded over the last three months, indicating seasonal improvements (including warmer weather) , rather than a new phase of stronger job growth, underpins recent labor market strength.

Source: http://www.forbes.com/sites/afontevecchia/2012/04/06/weak-jobs-report-puts-qe3-pressure-back-on-bernanke/