HNST - Wall Street Breakfast: Blowout Payrolls

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Blowout payrollsAnother stellar non-farm payrolls report is likely on tap this morning, with the Labor Department set to release numbers for April at 8:30 a.m. ET. Non-farm payrolls are forecast to have increased by 978,000 in April, following a 916,000 jump in March, which marked the largest increase since last August. The unemployment rate is meanwhile expected to have slipped slightly to 5.8%, from 6% last month, driven by re-opening activity, a broad vaccine rollout and financial help from the federal government.Some are even more optimistic: A snapshot of the restaurants and bar industry over the past two months is "reminiscent" of May and June 2020 when leisure and hospitality employment led the way to record readings, said Aneta Markowska, chief economist at Jefferies. "Other COVID-sensitive

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Wall Street Breakfast: Blowout Payrolls