April Jobs Report Seen Showing a Continued Low-Hire, Low-Fire Economy
The April US jobs report is expected to show 70,000 new jobs, down from 178,000 in March, with education and healthcare driving job gains. The unemployment rate is forecast to remain at 4.3%, and the Federal Reserve is expected to hold interest rates steady.
The April US jobs report is expected to show moderate job gains, reflecting a continued 'low-hire, low-fire' dynamic. Economists forecast 70,000 new jobs in April, down from 178,000 in March. Education and healthcare are expected to drive job gains, with 91,000 jobs added in March. The unemployment rate is forecast to remain at 4.3%. The Federal Reserve is expected to hold interest rates steady in the coming months. Job growth has been concentrated in a few sectors, with limited hiring by longer-term standards but relatively few layoffs.
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