Analysis: The risk in the US labor market remains stubbornly high.

Scott Helfstein, head of Global X investment strategy, stated that although the March employment report exceeded expectations, "risks in the labor market remain high, and the increase in oil prices due to the Iran conflict may pose additional obstacles in the coming months." Helfstein believes that the better-than-expected job growth in March may indicate that the Federal Reserve will continue to keep interest rates at their current levels at the meeting later this month. However, he added, "We still believe that interest rates may be too high, and this is increasingly evident in the mortgage market."