US Job Growth Likely Slowed in April as Temp Boosts Fade
Economists expect nonfarm payrolls to show a modest increase of 62,000 jobs as the boost from warmer weather and returning strikers dissipates. The unemployment rate is projected to remain at 4.3 percent while wage growth picks up, reinforcing expectations that the Federal Reserve will maintain current interest rates.
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The United States likely added 62,000 jobs in April as temporary growth factors faded, according to a Reuters survey of economists. This follows a 178,000 gain in March, while the unemployment rate is expected to remain unchanged at 4.3%. Stable labor conditions reinforce market expectations that the Federal Reserve will maintain current interest rates into 2027.
