U.S. employment growth likely rebounded from a 17-month low in March as milder w...
WASHINGTON - U.S. employment growth likely rebounded from a 17-month low in March as milder weather boosted activity in sectors like construction, which could further allay fears of a sharp slowdown in economic growth in the first quarter.
The Labor Department’s closely watched monthly employment report on Friday would follow on the heels of fairly upbeat construction spending and factory data that led Wall Street banks to boost their growth estimates for the first quarter. The economy has shifted into lower gear as stimulus from the Trump administration’s $1.5 trillion tax cut package as well as increased government spending fades. A trade war between Washington and Beijing, and slowing global growth have also taken a toll on the economy, which in July will celebrate 10 years of expansion, the longest on record.
That would keep the annual increase in wages at 3.4 percent, the biggest gain since April 2009. Strong wage growth could boost confidence that consumer spending would accelerate and support the economy, after consumption stalled in January.The scarcity of workers is driving up wages. The unemployment rate is forecast unchanged at 3.8 percent in March, close to the 3.7 percent that Federal Reserve officials project it will be by the end of the year.
The U.S. central bank last month suspended its three-year campaign to tighten monetary policy, dropping projections for any interest rate hikes this year after increasing borrowing costs four times in 2018.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tunisia delays presidential elections by one week to Nov 17Tunisia has delayed the first round of its presidential elections by one week to...
Lire la suite »
Syrian regime forces' shelling kills 17 - war monitorThe Syrian Observatory for Human Rights said at least 17 people were killed in the last 24 hours by Syrian regime shelling in the northwest.
Lire la suite »
17 Couples Who Killed Together Who Will Freak You The Hell OutHonestly... what the fuck?
Lire la suite »
17 Things That Happen When You've Been In A Relationship For Three Years16 Things That Happen When You've Been In A Relationship For Three Years
Lire la suite »
17 Times Peppa Pig Was Just An Absolute SavageDon't let the sweet voice fool you.
Lire la suite »
Brazil miner Vale loses stability certifications on 17 dams, dikesBrazilian miner Vale SA said on Monday it failed to obtain stability certificate...
Lire la suite »
17 Completely WTF Things People Used To Do To Babies17 WTF Things People Used To Do To Babies
Lire la suite »
17 'Family Feud' Answers That'll Make You Feel SmartPoor Steve Harvey.
Lire la suite »