forecasts U.S. Labor Market Is Recovering. Will Gold Too?The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle. 3 hours ago (Apr 08, 2021 03:28 PM GMT) The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle. As the chart below shows, in March 2021, total rose by 916,000 , following gains of 468,000 in February (after an upward revision). The latest gains were the largest since August 2020. It’s important to note here that job growth was widespread, although led by gains in leisure, hospitality, education, and construction.