What to expect from the jobs report | CNN Business

If the latest employment trends continue and economists’ forecasts prove true, Friday’s jobs report could bring back that pre-pandemic feeling. Economists expect the US economy to have added 180,000 jobs in April, according to consensus estimates on Refinitiv. Excluding the losses during the first year of the pandemic, that would be the smallest monthly gain since December 2019.

But it’s not clear yet how much further consumer spending could drop as a result of not only persistently high prices and increasing interest rates but also tighter lending conditions that result from broader banking turmoil, EY economist Gregory Daco noted. Mixed signals Payroll processor ADP’s monthly look at private-sector employment activity, released two days before the BLS’ employment report, is sometimes looked at as a preview of what to expect from the federal data.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tuesday Morning is going out of business and closing all of its stores | CNN BusinessTuesday Morning is going out of business and closing all of its stores. It is the second major US home goods retailer to go bust in recent days.
Source: CNN - 🏆 4. / 95 Read more »

Uber's revenue climbs 29% as it continues to defy tech slump | CNN BusinessUber on Tuesday reported revenue of $8.8 billion for the quarter ending in March, a 29% increase from the same period last year and beating Wall Street's estimates.
Source: cnni - 🏆 326. / 59 Read more »

BP shares slide as first-quarter profit dips | CNN BusinessShares of BP fell more than 5% Tuesday after the energy giant said it would return less cash to investors following a drop in first-quarter profit.
Source: CNN - 🏆 4. / 95 Read more »

Congress presses Chinese fast-fashion giant Shein on forced labor | CNN BusinessUS Congress is stepping up the pressure on Chinese fast-fashion giant Shein.
Source: CNN - 🏆 4. / 95 Read more »