April Jobs Report Predicts Hiring Slowdown Amid Rate Hikes and Inflation Concerns
TL;DR Summary
The US April jobs report is expected to show a continued slowdown in the labor market, with nonfarm payrolls set to rise by 180,000 and the unemployment rate expected to rise to 3.6%. The report comes after the Federal Reserve voted to raise its benchmark interest rate by another 0.25%, bringing the fed funds rate above 5% for the first time since September 2007. The labor market remains "very tight," but there are signs that supply and demand are coming back into better balance, according to Fed Chair Jay Powell.
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- Small Business Gain 121,000 jobs in April, according to ADP National Employment Report Small Business Trends
- Friday's Jobs Number Could All But Guarantee The Federal Reserve Takes Its Foot Off The Gas On Inflation Benzinga
- April jobs report likely to point to slowdown in hiring last month Fox Business
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