Economic Preview: U.S. needs a good jobs report and Wall Street forecasts one: 185,000 new jobs, 3.6% unemployment rate

Many industries such as construction say they can’t find enough skilled workers. Will that cause hiring in May to slow sharply? The labor market has been a bedrock for the economy during destabilizing trade fights with China and other countries, but it needs to stay strong to help the U.S. stave off the first recession…

Economic Preview: U.S. needs a good jobs report and Wall Street forecasts one: 185,000 new jobs, 3.6% unemployment rate

Many industries such as construction say they can’t find enough skilled workers. Will that cause hiring in May to slow sharply? The labor market has been a bedrock for the economy during destabilizing trade fights with China and other countries, but it needs to stay strong to help the U.S. stave off the first recession in a decade. Here’s what to watch in the employment report for May. The prediction The economy likely added 185,000 new jobs in May, keeping the U.S. unemployment rate at nearly 50-year low of 3.6%, according to economists polled by MarketWatch. The government will release the report at 8:30 a.m. Eastern on Friday morning.

Conflicting signals The smallest increase in new jobs in nine years in a separate report compiled by check processor ADP has raised questions about whether there’s a hiring freeze underway. ADP said only 27,000 people were hired in the private sector in May. Yet ADP is not
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