Economists expect 190,000 jobs were added in April, but markets are on edge after this week's Fed meeting.
Economists expect that the job market remained strong in April, and the economy added 190,000 jobs, aboutMarkets were already on edge heading into the Friday employment report, and economists point to some variables that could impact the headline number. Zandi explained there are factors that could have affected the ADP data that are unusual, including the 50-year low in weekly unemployment claims data in April and the fact that government monthly payroll data has become so volatile. Moody's collaborates with ADP on the monthly report, which sometimes aligns with the government report and sometimes does not.
Economists expect unemployment remained at 3.8% and wages grew at a 0.3% pace, according to Dow Jones.
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Economy Week Ahead: Labor Market, Consumer SpendingIn the week ahead, the U.S. will release fresh data on consumer spending and the labor market. Overseas, China will publish a manufacturing gauge and the European Union will post its first-quarter economic growth estimate. Please inform all the Democratic losers
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