The economy is expected to see an uptick in the number of jobs added when the Labor Department releases its April employment report Friday.
Economists surveyed by Action Economics predict that U.S. payrolls overall, including governments, increased by 210,000 jobs last month. Average monthly gains for January through March were 176,000.
Economists also predict Friday’s report will show the unemployment rate fell to 6.6% from 6.7% in March. The latest jobs data released Thursday showed initial claims for unemployment benefits rose for the third straight week to their highest level since late February.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.