For now, the general consensus is that the economy will continue to create jobs at least until the fourth quarter.
The service-providing sector likely accounted for most of the anticipated job gains in April. Further job losses are expected in the goods-producing sector, mostly reflecting declines in construction and manufacturing.
But other measures such as the Employment Cost Index and the Atlanta Fed’s wage tracker show momentum. The survey of establishments is likely to show nonfarm payrolls increased by 180,000 jobs last month.“There is some risk that the growth rate of this series might firm up this spring to narrow the gap with other wage series,” said Lou Crandall, chief economist at Wrightson ICAP.
Details of the household survey from which the unemployment rate is calculated are likely to be muted. Household employment is seen moderating after surging in March.
France Dernières Nouvelles, France Actualités
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