U.S. April Non-Farm Payrolls Forecast: Addition of 120,000 Jobs, Hourly Wage Growth Rate May Rebound to 3.8%

BlockBeats News, May 8th, Chief U.S. Economist at Fifth Third Bank, Bill Adams, predicted that the April nonfarm payrolls are expected to add 120,000 jobs, and the unemployment rate will remain unchanged at 4.3%. The average hourly earnings rate may increase from 3.5% in the March report to 3.8%, partially easing the impact of rising gas prices on the cost of living.

If this forecast materializes, the monthly job growth since the beginning of the year will average around 80,000 jobs, surpassing the growth rate of job seekers, whose growth has slowed down due to population aging and immigration restrictions. (FXStreet)