Yes, it’s a hyperbole to say this jobs report is the most-important one ever. But economists can be excused this time around for being on pins and needles ahead of the Labor Department’s April data, set for release at 8:30 a.m. Friday.
After the economy stalled in the first quarter, a rebound in hiring would help provide some reassurance that the expansion hasn’t gone off the rails just as the Federal Reserve is considering raising interest rates for the first time since 2006.
Employers probably added 230,000 workers to payrolls last month, according to the median estimate of economists surveyed by Bloomberg, following an increase of 126,000 in March that was the smallest in more than a year.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015