A solid US job gain expected for April amid resilient growth

Associated Press ^ | May 3, 2019 | Christopher Rugaber

[Olog-hai]

U.S. employers are expected to have delivered a solid month of job growth in April, buoyed by a resilient economy that has confounded concerns that 2019 would begin with a slowdown.

Economists have forecast that employers added 181,000 jobs in April and that the unemployment rate stayed at a low 3.8%, according to data provider FactSet. It would follow a 196,000 job gain in March and would roughly equal the average monthly gain for the first three months of the year.

Another decent hiring gain would highlight the economy’s steady health just months after many analysts had expressed fear that growth was poised to weaken and a recession might soon occur. […]

… Consumer spending surged in March by the most in nearly a decade. A likely factor is that steady job growth and solid wage increases have enlarged Americans’ paychecks.

Businesses are also spending more freely. Orders to U.S. factories for long-lasting capital goods jumped in March by the most in eight months. That suggested that companies were buying more computers, machinery and other equipment to keep up with growing customer demand. …

[Nifster]

Beat it by over 80000