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Judul : Here comes the jobs report …
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Here comes the jobs report …

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The Bureau of Labor Statistics will release the April jobs report at 8:30 a.m. ET. 

Economists forecast that nonfarm payrolls rose by 190,000 last month, according to Bloomberg.

That would be a rebound from an unexpectedly weak March when the economy added 89,000 jobs.

It would also follow a slowdown in economic growth and consumer spending during Q1. In any case, the economy added 533,000 jobs from January through March, which is in line with the trend seen over the past two years. 

The unemployment rate is forecast at 4.6%, up from 4.5% in March, which was the lowest in a decade. In recent months, prime-age men and women (ages 25-54) without a college degree have been rejoining the labor force and could provide some stability to the overall participation rate, according to Nomura’s Lewis Alexander.

Economists will be paying attention to the retail sector, which lost nearly 30,000 jobs in February and March. Roughly 3,500 stores are expected to close over the next few months with retail giants like Macy’s and JCPenney shuttering locations.

More to come …

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

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