Joe Brusuelas forecasts 60,000 US April jobs gain and 4.3% unemployment
Updated
Updated · Real Economy Blog · May 5
Joe Brusuelas forecasts 60,000 US April jobs gain and 4.3% unemployment
3 articles · Updated · Real Economy Blog · May 5
He also expects average hourly earnings to rise 0.3% month on month and 3.8% from a year earlier.
Brusuelas said healthcare and education should drive private hiring, while leisure and hospitality cools and government hiring stays weak or declines.
He said higher energy costs, demographics, tight immigration, the end of labour hoarding and AI-driven productivity should keep hiring near break-even and limit stagflation-style unemployment pressure.
Can AI's productivity surge prevent 1970s-style stagflation, or will it accelerate job losses first?
Job growth is near zero, but unemployment is stable. Is the American economy transforming or just stalling?
With AI boosting productivity and hiring near zero, how can the next generation launch their careers?