Official employment numbers out Friday are expected to show hiring rebounded last month and that wage growth continued to pick up.
City Hall is seen in the distance as construction workers help carry a huge American flag in a march to the Metropolitan Detention Center during one a several May Day immigration-themed events on May 1, 2014 in Los Angeles, CaliforniaEconomists forecast the US economy added 175,000 jobs in March and that average hourly earnings ticked higher.The unemployment rate was expected to hold steady at 3.8%.
Offering the latest snapshot of the US economy, official employment numbers out Friday are expected to show hiring rebounded last month and that wage growth continued to pick up. The Bureau of Labor Statistics report is expected to show the economy added 175,000 nonfarm payrolls in March, bouncing back from a smaller than expected gain a month earlier, and that the unemployment rate held steady at 3.8%.. The 20,000 nonfarm payroll increase was far below economist expectations and raised concerns that the labor market could be cooling after months of historic gains.
Growth is widely expected to slow over the next two years in the US and other major economies. But so far, nonfarm jobs have increased by a solid 186,000 on average over the past three months. The ADP National Employment Report showed on Wednesday that private employers added 129,000 payrolls in March, far below economist forecasts for an increase of 175,000 and the slowest pace in a year and a half.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s why investors could be wiped out by a second disastrous jobs reportA second dismal payrolls report could take investors by surprise.
Read more »
If a recession really is coming, here's what Powell and Trump can do to stop itWith a bond market signal pointing to a recession, policymakers have a choice: act now or hope that conditions change for the better.
Read more »
These are the 9 deadliest jobs in the United States—and here’s how much they payThese are the 9 deadliest jobs in the United States—and here’s how much they pay. via CNBCMakeIt
Read more »
Opinion | A ‘road map’ for the coming fight over the Mueller reportAn exchange of letters between the attorney general and the chairman of the House Judiciary Committee augurs a contentious court battle
Read more »
Report:Texas A&M to offer coaching job to WilliamsTexas A&M reportedly is pursuing Virginia Tech's Buzz Williams to replace B...
Read more »
Stocks coiled to spring higher to new records if Friday's jobs report doesn't bomb againA U.S.-China trade deal, less bad corporate earnings or positive economic reports could all be catalysts to push stocks back to their all-time highs.
Read more »