What to expect in Friday’s jobs report
CNN
The US is in the thick of a labor market expansion that just won’t quit.
The US is in the thick of a labor market expansion that just won’t quit. So far this year the economy has added, on average, 276,000 jobs per month, Bureau of Labor Statistics data shows. That’s about 25,000 more jobs per month than last year and 111,000 more per month than in 2019. That storyline isn’t expected to change when April’s jobs report lands Friday morning — but it’s possible there might be a slight softening. “The longer interest rates are high, [the more] they put a slow squeeze on the economy,” Julia Pollak, chief economist at employment website ZipRecruiter, told CNN in an interview. “I think we will continue to see that gradual, fairly orderly slowdown in the labor market until [rates] start coming down.” Economists are forecasting that employers added 232,500 jobs in April, which would be down from the estimated 303,000 net jobs added in March, according to FactSet consensus estimates. The unemployment rate is expected to stay at 3.8%. If those expectations hold true, some already historic streaks would grow. It would be the 40th consecutive month of employment expansion (the fifth longest on record) and the 26th month in a row that the nation’s jobless rate held below 4% (nearly matching a 27-month streak from 1967 to 1970).
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
London’s Heathrow Airport is hoping to get travelers into the holiday mood this summer with a soundtrack of real-life jet engines, lift dings and baggage sirens.
Grok, the chatbot created by Elon Musk’s xAI, began responding with violent posts this week after the company tweaked its system to allow it to offer users more “politically incorrect” answers.
Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal.
Since the start of the century, the number of journalists working in the United States has declined by more than 75 percent, according to the study.
President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.
When the very first Olive Garden opened in 1982 near Orlando, it was a disaster.
It might not come as a shock if you have eyes, but the Cybertruck is, officially, a flop.
With just five days remaining in the tariff moratorium, the White House is expected to begin delivering a message to a dozen or so countries: Time is up, and here’s your new rate.
Unemployment among Black Americans last month reached its highest level in more than three years, in stark contrast to the broader labor market’s stunning resilience.
New York City frontrunner for mayor Zohran Mamdani has an ambitious agenda to tackle the city’s housing crisis. But the spiraling costs to develop affordable housing, President Donald Trump’s efforts to gut federal housing aid and other obstacles may derail his goals.
As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day.
Every Fourth of July, starting when she was 15, Jacqueline Lewis and her family come together to honor a great American tradition: the Nathan’s Famous hot dog eating competition.