News Formal

Jobs report 'will dampen market enthusiasm for bets on rate cuts coming soon': Economists react to employment data.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

“It’s stunning to me that we hear so much gloom and doom when unemployment is at a 54-year low.” Economists and analysts are reacting to the new report that showed the U.S. economy gained 253,000 jobs in April.

The April jobs report on Friday showed the U.S. economy gained 253,000 jobs last month, with the unemployment rate falling to 3.4% from 3.5%. Economists polled by The Wall Street Journal had expected an addition of 180,000 jobs and unemployment to rise to 3.

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:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

What to expect from the jobs report | CNN BusinessIf the latest employment trends continue and economists' forecasts prove true, Friday's jobs report could bring back that pre-pandemic feeling.
Source: CNN - 🏆 4. / 95 Read more »

What to expect from the April jobs report | CNN BusinessIf the latest employment trends continue and economists' forecasts prove true, Friday's jobs report could bring back that pre-pandemic feeling.
Source: CNN - 🏆 4. / 95 Read more »