Jobs Report and Wall Street Awaited Amid Economic Uncertainty.

The US labor market is showing signs of wear and tear amid the Federal Reserve's yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing momentum, and uncertainty is simmering as to how the banking sector's recent tumult could ripple through the economy. Economists expect monthly job gains to slow, with consensus estimates landing at the 240,000 level, according to Refinitiv. Friday's jobs report will be the last monthly employment snapshot before the Fed's next policymaking meeting on May 2-3, since April data will be released May 5.