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U.S. April Non-Farm Payrolls Forecast Released: 120k New Jobs, Hourly Wage Growth Possibly Rebounding to 3.8%
Golden Finance reports that on May 8th, U.S. Fifth Third Bank’s Chief U.S. Economist Bill Adams predicted that non-farm payrolls in April would increase by 120k jobs, and the unemployment rate would remain steady at 4.3%.
The average hourly wage year-over-year growth might rise from 3.5% in the March report to 3.8%, which to some extent alleviates the impact of rising gasoline prices on living costs.
If this forecast is realized, the monthly job growth since the beginning of the year would average about 80k, surpassing the growth rate of job seekers, which has slowed due to aging populations and immigration restrictions. (Jin10)