18-May-2024
Economy News
 
Solid US Job, Wage Growth Expected in April
03-May-2024

U.S. job growth probably slowed to a still-solid clip in April, with wages maintaining their steady rise, which would allay fears that the economy was stalling after activity pulled back considerably in the first quarter. The Labor Department's closely watched employment report on Friday is also expected to show the unemployment rate holding below 4% for the 27th straight month. Labor market endurance, however, leaves the Federal Reserve in no rush to start cutting interest rates, which could significantly slow down the economy.

News Source:- https://money.usnews.com/investing/news/articles/2024-05-03/solid-us-job-wage-growth-expected-in-april