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US Payrolls Seen Hitting at Least 200,000 for a Fourth Month
US Payrolls Seen Hitting at Least 200,000 for a Fourth Month
Vince Golle and Craig Stirling
Sun, March 31, 2024, 12:43 PM EDT
7 min read
(Bloomberg) -- Healthy US employment gains likely continued in March while wage growth moderated, indicating the nation’s labor market is poised to keep stoking the economy with limited risk of an inflation resurgence.
Payrolls in the world’s largest economy are seen increasing by at least 200,000 for a fourth straight month, according to a Bloomberg survey of economists. Average hourly earnings are projected to climb 4.1% from the same month last year, the smallest annual advance since mid-2021.
Resilient hiring is keeping demand and the economy moving forward at the same time inflation is slowing, albeit unevenly. It’s also allowing Federal Reserve policymakers to hold off reducing interest rates as they await further declines in price pressures.
{snip}
Vince Golle and Craig Stirling
Sun, March 31, 2024, 12:43 PM EDT
7 min read
(Bloomberg) -- Healthy US employment gains likely continued in March while wage growth moderated, indicating the nation’s labor market is poised to keep stoking the economy with limited risk of an inflation resurgence.
Payrolls in the world’s largest economy are seen increasing by at least 200,000 for a fourth straight month, according to a Bloomberg survey of economists. Average hourly earnings are projected to climb 4.1% from the same month last year, the smallest annual advance since mid-2021.
Resilient hiring is keeping demand and the economy moving forward at the same time inflation is slowing, albeit unevenly. It’s also allowing Federal Reserve policymakers to hold off reducing interest rates as they await further declines in price pressures.
{snip}
