Mohamed A. El-Erian (@mohamedelerian): "It’s “Jobs Friday” in the US. Consensus forecasts expect what I would characterize as a “steady state” report for April, including: Solid job growth of 88,000. Unchanged unemployment rate (4.3%), labor force participation (61.8%), and average weekly hours (34.3). Annual…"

It’s “Jobs Friday” in the US. Consensus forecasts expect what I would characterize as a “steady state” report for April, including:

Solid job growth of 88,000.

Unchanged unemployment rate (4.3%), labor force participation (61.8%), and average weekly hours (34.3).

Annual earnings growth edging down to 3.4%, based on a 0.3% monthly increase.

#economy #markets #jobs #employment #unemployment

Jun 5

8:32 AM