Economists Anticipate "Tepid" Monthly Job Reports Tomorrow
According to a report issued by ADP, businesses added 119,000 jobs during the month of April — not exactly great news since the jobs report will be released tomorrow. As reported by CNN Money, economists were anticipating growth of 170,000 jobs.
So, what does this mean with the soon-to-be-released monthly jobs report? There’s a slight slowdown since 201,00 jobs were added in March and 228,000 jobs were added in February, as per the same report.
Joel Prakken, Macroeconomic Advisers chairman, thinks it’s a lukewarm statistic.
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