Jobs Report Preview: Don't Expect A Hiring Slowdown

Tomorrow’s April jobs report will signal a strong US labor market, as employers added 200,000 workers in April, compared to 215,000 in March, according to the median prediction of economists surveyed by Bloomberg. The numbers are in line with the Q1 average of 209,000.

“April employment will be decent,” Deutsche Bank chief US economist Joseph LaVorgna tells Bloomberg. “A trend-like payrolls number doesn’t do much, but a weak number has a much bigger potential to change expectations. People will revisit the idea of the second-quarter rebound.”

Still, some forecasts disagree—figures from ADP Research Institute this week put April’s job gains at 156,000 workers, the fewest since April 2013, Bloomberg reports. 

But overall economists say a sudden collapse in hiring is unlikely, citing low jobless claims, which have stayed under 300,000 for their longest stretch since 1973.

“Overall, we’d go for a view that we’ll have a healthy number,” said David Sloan, senior economist at 4cast Inc, who predicts a 240,000 gain. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy