The March jobs report was a win-win for stocks and the Fed, economist Mohamed El-Erian says

• The March jobs report is a win for stocks and the Fed should keep a steady pace of rate hikes in May, Mohamed El-Erian said. 
• The world's largest economy added 236,000 jobs last month, shy of the median forecast of 239,000. 
• Stock futures closed higher after the jobs report that arrived during the Good Friday holiday. 

The March US jobs report showing a slowdown in hiring in a still-robust economy should boost stocks and keep the Federal Reserve on course with raising interest rates to fight inflation, economist Mohamed El-Erian said Friday. 

The world's largest economy added 236,000 nonfarm payrolls last month, shy of the median forecast of 239,000 among economists and below February's upwardly revised gain to 326,000.