Job Growth Blooms Again in May
After a weaker than expected showing in April, Action Economics expects the May employment report, scheduled for release June 1, to reveal a rebound in job growth following the weather-restrained April figures. We expect non-farm payrolls to rise 135,000 in May (vs. economists' median forecast of 140,000) from a tepid gain of 88,000 in the prior month. This would extend the weather-led zig-zag pattern of 2007 job growth, around the widely expected pattern of gradual payroll growth moderation. Overall, the report is expected to show continued labor market tightness.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.