The U.S. Department of Labor's April jobs report is expected to show that the U.S. economy added 180,000 jobs last month, the smallest gain in more than two years.
'Dive in D.E.E.P.' author Joanie Bily predicts that more companies will be investing in AI technology to replace lower-level skilled jobs.
U.S. job growth likely cooled markedly in April as rising interest rates and a slowing economy began to take a toll on hiring. is projected to show that hiring increased by 180,000 last month and that the unemployment rate inched higher to 3.6%, according to a median estimate by Refinitiv economists.and would be the weakest monthly payroll growth since December 2020, when the economy shed 268,000 jobs.
"After alluding to a pause, all eyes will focus on the labor market," said Jay Woods, chief global strategist at Freedom Capital Markets. "It has been the one major sticking point in the Fed’s inflationary battle as unemployment remains at historical lows. While it tends to be a lagging inflationary signal, it is important for the Fed to see the labor market cool – now more than ever.
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