Core Private Sector Jobs Key to Friday's Report
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK ( TheStreet) -- The Labor Department is expected to report 185,000 jobs were created in April. After gains of 194,000 and 216,000 in February and March, this could indicate the economy is accomplishing some moderate momentum.
However, first quarter GDP growth was a disappointing 1.8%, and many businesses can easily accommodate modest growth in demand by increasing productivity. Indeed, over the last month, first-time unemployment claims have risen to near recession levels indicating slower-growing business are laying off workers again. A disappointing jobs report would indicate the economy is slowing further and in danger of slipping into a second recession.
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