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What to Watch for in the Jobs Report
The government’s latest snapshot of the U.S. labor market on Friday is expected to show a decent increase in hiring in April. Economists surveyed by The Wall Street Journal forecast nonfarm payrolls rose 215,000 last month and the jobless rate fell a tenth of a point to 6.6%. The report will cap a busy week of economic readings, including one that showed gross domestic product grew an annualized 0.1% in the first quarter. Here are some factors to watch in the release at 8:30 a.m. EDT. Also, watch for a change in the work week, which climbed a healthy 0.2 hour to 34.5 hours in March. An increase in hours worked ... (full story)