BA - Non-Farm Payrolls Preview For April 2024: 3 Major Considerations

2024-05-01 09:00:00 ET

Summary

• April 2024 jobs report expected to show an increase of 250,000 jobs, indicating continued tightness in the labor market.
• Healthcare sector likely to add jobs, while drug manufacturers may struggle.
• Construction, government, energy, and beverage industries may see job decreases in April 2024.
• Implications of April NFP report on FOMC rate decision for 2024.

April 2024 Jobs Report Preview: 3 Major Considerations

In the month that followed after the March 2024 non-farm payrolls report , the S&P 500 ( SPY ) lost 3.24%. Jobs in March rose by 303,000 , sharply above the average monthly gain of 231,000 over the last 12 months. Skeptical readers will cite government jobs increasing by 71,000 for last month’s NFP job report. Others will point out the unemployment rate of 3.8% benefited from around 4.3 million people getting part-time work ....

For further details see: