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The March non-farm payrolls report will be released on April 3, 2025, coinciding with Good Friday — a day when U.S. stock markets are closed but the U.S. Bureau of Labor Statistics (BLS) remains operational. This rare calendar overlap occurs when the third Friday after the 12th of the month aligns with Good Friday, which this year falls on April 3. The last similar event was in 2023, with previous instances dating back to 2021 and 2015. Consensus forecasts expect a rebound to +60,000 jobs after February’s sharp decline of -92,000. The release will primarily impact futures markets and forex, as equity markets remain closed. Traders should monitor the CME’s abbreviated sessions for equity index futures and the potential for volatility in USD crosses. The Federal Reserve’s monetary policy outlook and geopolitical tensions may also influence market reactions. Investors should watch for deviations from expectations in the employment report and how they interact with ongoing global events.
