vendredi 3 avril 2015
US Jobs preview: Slower job growth, flat wages and a history of misses
Posted on 02:51 by nice news
Job growth may have slowed slightly in March and wage gains were likely flat, despite well-publicized promises of pay hikes from major employers like Wal-Mart and McDonald's.
Economists expect to see the U.S. economy created 245,000 nonfarm payrolls when the government's employment report is released Friday at 8:30 a.m. ET. The unemployment rate is expected to remain steady at 5.5 percent, and average hourly wages are expected to increase 0.2 percent, on par with recent trends.
The jobs report hits markets Friday, when only bonds and futures markets are open in the U.S., with the stock market closed for the Good Friday holiday.
"I draw 250,000 as the dividing line. If we can stay above that we can keep this party going. If there's evidence jobs are weakening that starts to confirm some of the lackluster reports we're seeing," said Jack Ablin, chief investment officer of BMO Capital Markets.
Economists expect to see the U.S. economy created 245,000 nonfarm payrolls when the government's employment report is released Friday at 8:30 a.m. ET. The unemployment rate is expected to remain steady at 5.5 percent, and average hourly wages are expected to increase 0.2 percent, on par with recent trends.
The jobs report hits markets Friday, when only bonds and futures markets are open in the U.S., with the stock market closed for the Good Friday holiday.
"I draw 250,000 as the dividing line. If we can stay above that we can keep this party going. If there's evidence jobs are weakening that starts to confirm some of the lackluster reports we're seeing," said Jack Ablin, chief investment officer of BMO Capital Markets.
US Jobs preview: Slower job growth, flat wages and a history of misses
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