Latest news and articles about jobs report from NEX English
The upcoming April jobs report, set to be released on Friday at 8:30 AM EST, is expected to reveal an increase of <strong>55,000</strong> jobs, keeping the unemployment rate steady at <strong>4.3%</strong>. Despite challenges, the US labor market appears to be stable overall.
Kevin Hassett, Director of the National Economic Council, discusses the March 2023 jobs report's implications for the U.S. economy, highlighting oil market disruptions due to the ongoing war in Iran. He emphasizes the potential economic fallout from fluctuating oil prices.
U.S. stock futures fell while Treasury yields rose during Friday's trading session, following a jobs report that exceeded expectations. This has raised questions about the possibility of interest rate cuts by the Federal Reserve this year.