{"id":130166,"date":"2024-05-03T09:00:21","date_gmt":"2024-05-03T06:00:21","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/solid-us-job-wage-growth-expected-in-april\/"},"modified":"2024-05-03T09:00:21","modified_gmt":"2024-05-03T06:00:21","slug":"solid-us-job-wage-growth-expected-in-april","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/solid-us-job-wage-growth-expected-in-april\/","title":{"rendered":"Solid US job, wage growth expected in April"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/130166\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nU.S. job growth probably slowed to a still-solid clip in April, with wages maintaining their steady rise, which would allay fears that the economy was stalling after activity pulled back considerably in the first quarter. The Labor Department&#8217;s closely watched employment report on Friday is also expected to show the unemployment rate holding below 4% for the 27th straight month. Labor market endurance, however, leaves the Federal Reserve in no rush to start cutting interest rates, which could significantly slow down the economy.<\/p>\n<p>The U.S. central bank on Wednesday left its benchmark overnight interest rate unchanged in the current 5.25%-5.50% range, where it has been since July. &#8220;The bloom is off the rose of a strong employment market, but it&#8217;s still pretty,&#8221; said Sung Won Sohn, finance and economics professor at Loyola Marymount University. &#8220;A slow, but healthy job market will continue well into 2025. The only situation where I see a dramatic decline will be if the Fed keeps rates high for too long.&#8221;<\/p>\n<p>Nonfarm payrolls likely increased by 243,000 jobs last month after rising 303,000 in March, according to a Reuters survey of economists. Job gains would be slightly below the 276,000 monthly average in the first quarter. Estimates ranged from 150,000 to 280,000. The labor market has so far defied predictions of a sharp slowdown flagged by surveys including the Institute for Supply Management and the NFIB. The ISM&#8217;s services employment measure has been largely weak since last October. The NFIB&#8217;s gauge of small business hiring slumped to near a four-year low in March before rebounding in April.<\/p>\n<p>Most economists have, however, cautioned against reading too much into the surveys, arguing that they have not offered reliable signals on nonfarm payrolls over a long time. They were also not perturbed by a near stall in worker productivity in the first quarter, noting that the trend remained solid. &#8220;I don&#8217;t see any real signs of distress,&#8221; said Dan North, senior economist at Allianz Trade.<\/p>\n<p>Economists were also dismissive of the continued decline in temporary help staffing, normally viewed as a harbinger for future hiring. Temporary help has dropped in 23 of the last 24 months. They noted that companies continued to hoard workers. Employment gains have been driven by healthcare, state and local governments, construction sectors as well as the leisure and hospitality industry, which are trying to boost staffing levels after losing workers during the COVID-19 pandemic.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/markets\/us\/solid-us-job-wage-growth-expected-april-2024-05-03\/\">Reuters<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/solid-us-job-wage-growth-expected-in-april\/\">Solid US job, wage growth expected in April<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[14405,574,606,607,608],"class_list":["post-130166","post","type-post","status-publish","format-standard","hentry","category-news","tag-job-wage","tag-us","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/130166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=130166"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/130166\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=130166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=130166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=130166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}