Eco Week Ahead
US Jobs Report to Show Resilience in the Wake of Iran War
Jobseekers speak with recruiters during a job fair in Fletcher, North Carolina.
Photographer: Allison Joyce/BloombergThe energy shock from the Iran war may be casting a shadow over the outlook for the US economy, but the labor market is yet to register any signs of it.
Forecasters expect the April jobs report on Friday to show a solid 62,000 increase in payrolls, accelerating wage growth, a stable unemployment rate and an uptick in labor force participation. Private-sector job growth was probably even stronger, based on a Bloomberg survey of economists.