America's job growth is starting to slow
CNN
The days of millions of job gains per month are behind us, and the US labor market recovery has now moved into a new phase, complete with new challenges: It's not that companies don't want to hire, it's that there were nearly two available positions for every unemployed person as of March. That is constraining how many jobs can be added each month.
Economists polled by Refinitiv predict that Friday's closely watched monthly jobs report will show the economy added just under 400,000 jobs in April. That would be the slowest job growth since April last year.
Relative to the strongest gains of the recovery, the number sounds disappointing, even though it would mean the economy would be just 1.2 million jobs shy of the total number of jobs lost during the pandemic.
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