It’s jobs week. On Wednesday the market will digest ADP’s private sector estimate (April 2). The ADP report will then be followed by the most influential indicator of them all on Friday – the BLS’ Employment Situation Report. News stories this Friday and this weekend will, no doubt, surround employment growth, average wages, hours worked, the headline unemployment rate, and the details behind the broadly reported figures.
Overall, analysts expect the jobs number to come in close to +200K.
Labor market: Growth in job numbers
A +200K jobs number would mean a healthy acceleration of the job market growth from +175K in February, 129K in January, and 84K in December.
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