Healthy job growth could calm stocks' nerves

Friday's monthly jobs report, the most widely watched U.S. economic indicator, is expected to show that nonfarm payrolls added 200,000 jobs in March, according to a Reuters poll of economists. Employers added 175,000 jobs to nonfarm payrolls in February after creating 129,000 new positions in January. The Institute for Supply Management will release its national surveys for March on the manufacturing and services sectors, which are expected to show improvement from the previous month as well. Improvement in the labor market, along with a pickup in the manufacturing and services sectors, could also bolster the case for the Federal Reserve's scaling back of economic stimulus and put more focus on the timing of when the central bank will begin raising interest rates.

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