March Jobs Report: Labor market is still okay, economist says

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The U.S. economy added 236,000 jobs in March showing payroll growth moderate. This comes after ISM Manufacturing and ADP Private Payroll numbers came in worse than Wall Street was expecting for the month. While some economic data may show the U.S. is in a recession, the impressive thing is “the labor market is still doing okay,” Apollo Global Management Chief Economist Torsten Slok told Yahoo Finance Live. If there’s a tightening in credit conditions, Slok adds that the economic slowdown could “come a bit harder and the labor market could slow down faster.”You can watch Yahoo Finance's Brad Smith, Seana Smith, and Brian Sozzi's full interview withTorsten Slok here. Key video moments:0:00:10 Economic data indicates recession0:00:29 Labor market still okay*Note: Apollo Global Management is Yahoo Finance’s parent company

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