WASHINGTON - U.S. employers have probably less than workers in April that the prices high energy undermined the confidence of consumers and led to doubts about the strength of economic recovery.
Non-farm compensation is seen passing through the last months in U.S. Data Government due Friday, according to a survey of economists Reuters of. In March, payroll increased by 216 000 which was the biggest increase in 10 months.
The Ministry of labour will release its employment report closely followed in April at 8: 30 a.m. Friday.
Gains in April would be seven straight months of net job creation but are unlikely to make a large part of the tooth on the pool of 13.5 million Americans of their work.
Hopes for a recovery in the slow pace of us economic growth are pinned on the labour market, but the risk is high that payroll information might be lower than forecast after a batch of these recent readings of jobs have been disappointing.
"We expect to see some slowdown in payroll in April". "It looks like in the first half of the year, we will see some moderation in growth due to the high inflation that takes a toll on consumers," said Yelena Shulyatyeva, an economist at BNP Paribas in New York.
The unemployment rate is expected to remain at a minimum of two years of 8.8%. It is derived from a separate survey of households that probably sustained gains in employment and an increase in the size of the population active.
The unemployment rate decreased by one percentage point since November, the largest decline in four months since February 1984, but it is still too high for the Federal Reserve to move away from its policy direction monetary ultra-easy if early.
The Fed reported last month that he was not pressed to withdraw its massive economic stimulus, while the other major central banks around the world began to increase interest rates.
The high prices of gasoline and clipped feeding us economic growth in the first quarter. The economy grew at an annual rate of 1.8 per cent after expansion to a clip of 3.1 per cent in the last three months of last year.
The slowdown in job creation were reported by the first time in unemployment benefit claims rise in recent weeks and reports to the employment growth weakened in the manufacture and the sectors of services and data showing a slowdown in hiring by private companies.
Some of the slowdown may be related to the automakers layoff of temporary workers because of a shortage of parts caused by the devastating earthquake and tsunami in the Japan.
The economy has recovered only a fraction of the more than 8 million jobs lost in the 2007-2009 recession. Employment growth of between 250 000 and 300 000 per month is required to make considerable progress in the reduction of unemployment.
TRANSIENT PERCEIVED WEAKNESS
Although the step back in hiring could curb the growth forecasts for the quarter April-June, many economists expect it be transient as energy prices are expected to stabilize or even down their current high levels.
"We expect to see gains of current moderate employment for the rest of this year," said Robert Dye, a senior economist at PNC Financial Services in Pittsburgh.
"Moderate growth economy, we would expect to see conditions get a little warmer, a month or a quarter, then improve in the next quarter."
The private sector will probably account for all the gains in employment last month, with employers should have committed 200,000 new workers - construction on the gain of 230 000 in March.
Who should mark more than one year of continuous employment, private pay is still about 7 million of their levels of recession.
The Government should have declined for a sixth straight month in April. Most of the gains in payroll last month were most numerous in the private sector.
Employment in the industries of property of idle again in April, with construction likely pay in decline and manufacture of hiring to moderate somewhat.
The report on employment should also show the average work week unchanged at 34.3 hours for a third straight month and no sign of wage inflation, average hourly earnings increased by 0.2 percent after being flat in March.
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