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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Go First bankruptcy isn't the end of the Indian airline, says owner | CNN BusinessGo Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday.
Source: cnni - 🏆 326. / 59 Read more »
What to expect from the Fed meeting | CNN BusinessFederal Reserve officials are expected to raise interest rates by a quarter point at the conclusion of their two-day policy meeting Wednesday, despite calls from some lawmakers and economists to tap the brakes to allow the ailing banking sector to rebalance.
Source: cnni - 🏆 326. / 59 Read more »
New York Times: Tucker Carlson texted 'It's not how white men fight' | CNN BusinessIn a newly revealed text message, ousted Fox News host Tucker Carlson made a racist comment and said he found himself briefly rooting for a mob of Trump supporters to kill a person, according to the New York Times.
Source: CNN - 🏆 4. / 95 Read more »
Kraft wants to remake the TV dinner | CNN BusinessThe pandemic helped revive an old-fashioned meal category: the frozen dinner. Now Kraft is betting big that it can convince customers to keep picking this option.
Source: CNN - 🏆 4. / 95 Read more »