The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

U.S. job growth seen regaining steam, keeping Fed rate hike on track

U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. The Labor Department will release its closely followed employment report at 8:30 a.m. (1230 GMT) on Friday. “Our view is that we get a pretty clear signal that the first-quarter soft patch was just that, a temporary soft patch that will subside and we will get a bit of a bounce back,” said Bricklin Dwyer, an economist at BNP Paribas in New York.