The US reported March nonfarm payrolls increase of 103k, missing expectations of 185k. On average, the monthly payroll growth is 202k for 1Q 2018. Average hourly earnings (AHE) inched up 0.3% m-o-m, in-line with expectations. On a y-o-y basis, AHE rose to 2.7% in March, up from 2.6% in the previous month. 