Analysts see 1 million more jobs created in US in April

on

Analysts expect Friday’s official jobs report for the month of April to show about 1 million new payrolls, and signal continued growth of the labor force in the U.S. economy.

Most forecasters expect the jobs number to be between 970,000 and 1 million for April and an unemployment rate down slightly to about 5.8 percent.

“We’ll get a good number, which is great. It’s just so nice to see numbers that are encouraging compared to the gut-wrenching numbers we had a year ago,” said Diane Swonk, chief economist at Grant Thornton.

The domestic economy is expected to grow by 10 percent or more in April, which is expected to be the peak month for growth.

Most economists expect to see more than 1 million new jobs in each of the next few months as more Americans are vaccinated against Covid-19 and return to the workforce.

ADP and Moody’s Analytics reported in their private assessment Wednesday about 740,000 new jobs in April.

Forecasters said the increase in jobs signals continued strength in the economy.

The Labor Department said last month that the U.S. economy added about 916,000 jobs in March.

President Joe Biden is scheduled to speak about Friday’s jobs report at the White House and Treasury Secretary Janet Yellen will give remarks at a separate briefing.

Despite the good economic news, the U.S. economy still has a lot of ground to make up to return to pre-pandemic labor levels. There were about 8.4 million fewer jobs in March than in the pre-Covid-19 levels before February 2020.


Discover more from Current PH

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

LIVE: President Ferdinand R. Marcos Jr. State of the...

https://www.youtube.com/watch?v=hdgmM2gkXZg Watch the LIVE coverage of the State of the Nation Address (SONA) 2026 of President Ferdinand R. Marcos Jr. The State of the Nation Address...

PNP UMABUSO SA PANANAKIT SA AMING KASAMAHANG PHOTOG BULLET...

https://www.youtube.com/watch?v=GwQEH-FD2ug🇵🇭 Currentph News TV — Real News. Real Talk. Real Impact. Welcome to Currentph TV, the digital news and public affairs channel built for the...
video

SONA 2026: Marcos, China, US Alliance and the Philippines’...

https://youtu.be/p3zyjwm2oHM SONA 2026: Marcos, China, US Alliance and the Philippines' Next Direction As President Ferdinand Marcos Jr. prepares to deliver his 2026 State of the Nation...
video

Marcos 2028 Legacy: Economy, Corruption and West Philippine Sea...

https://youtu.be/1e0md4a2e0I Marcos 2028 Legacy: Economy, Corruption and West Philippine Sea Challenges As the Marcos administration moves closer to its final years in office, attention is turning...
video

SONA 2026: Marcos Faces Trust Drop, Flood Scandal and...

https://youtu.be/h49wdASICyU SONA 2026: Marcos Faces Trust Drop, Flood Scandal and Reform Pressure Today With President Ferdinand Marcos Jr.'s 2026 State of the Nation Address approaching, public...

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading