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Wall Street Has Lowered the Bar for April's Jobs Report
April’s employment report is expected to show that the slow growing economy added about 170,000 jobs—better than March but a more sluggish pace than earlier in the year. Economists expect to see the unemployment rate hold at 8.2 percent, when the report is released at 8:30 a.m. ET Friday. Wall Street is bracing for disappointment after March’s small 120,000 gain and a recent string of weak economic data. For instance, the ISM nonmanufacturing survey Thursday was a bit lighter than expected, and the employment index in the service-sector survey slipped 2.5 points to 54.2. Even so, economists say one place the ... (full story)