Yes, it’s a hyperbole to say this jobs report is the most-important one ever. But economists can be excused this time around for being on pins and needles ahead of the Labor Department’s April data, set for release at 8:30 a.m. Friday.
After the economy stalled in the first quarter, a rebound in hiring would help provide some reassurance that the expansion hasn’t gone off the rails just as the Federal Reserve is considering raising interest rates for the first time since 2006.
Employers probably added 230,000 workers to payrolls last month, according to the median estimate of economists surveyed by Bloomberg, following an increase of 126,000 in March that was the smallest in more than a year.
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