Job Creation Likely Bounced Back In March, Continuing Up-And-Down Pattern [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
The job market has alternated between adding and losing jobs every month since last May, averaging out to slow job creation by historic standards. The Iran war could be a further drag on jobs in the coming months, but the March report may be too soon to show any effects. The U.S. economy likely added jobs in March, but not enough to dispel the trend of a widespread slowdown. A report on job creation and unemployment from the Bureau of Labor Statistics on Friday is expected to show employers added 59,000 jobs, a recovery after losing 92,000 in February, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal . The unemployment rate is forecast to stay at 4.4%, the same as in February. Ever since last May, the U.S. economy has alternated between gaining and losing jobs each month, averaging out to the slowest pace of job creation in decades . That trend likely continued in March, with the market partially bouncing back from the loss in February ,
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