Jobs Report to Show How Labor Market Weathered Bank Failures, High Interest Rates
Friday’s jobs report will show how the labor market fared in April, as the economy faced banking turmoil, rising interest rates and still-high inflation.
Other signs show the red-hot labor market is modestly cooling this spring. That in part reflects a return to a more normal job market after a rapid rebound from pandemic layoffs three years ago. But some employers are now also slowing hiring out of caution about the economic outlook.
Friday’s jobs report will show how the labor market fared in April, as the economy faced banking turmoil, rising interest rates and still-high inflation.
Other signs show the red-hot labor market is modestly cooling this spring. That in part reflects a return to a more normal job market after a rapid rebound from pandemic layoffs three years ago. But some employers are now also slowing hiring out of caution about the economic outlook.
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