The Traderszone Network

Published in TZ Latest News 1 May, 2014 by The TZ Newswire Staff

U.S. jobs report to signal stronger economic growth momentum

U.S. hiring likely increased at its quickest pace in five months in April, which would bolster hopes of a strong rebound in economic activity in the second quarter. Employers probably added 210,000 jobs last month after increasing headcount by 192,000 in March, according to a Reuters poll. That would also top the pace of payrolls gains in the first quarter of 177,667 jobs per month. The unemployment rate is forecast falling one-tenth of a percentage point to 6.6 percent in April, matching a five-year low previously touched in January.