WASHINGTON (AP) — The American economy likely delivered another solid hiring gain in April, showing continuing durability in the face of the highest interest rates in two decades.
The Labor Department is expected to report Friday that employers added a healthy 233,000 jobs last month, down from a sizzling 303,000 in March but still a decidedly healthy total, according to a survey of forecasters by the data firm FactSet.
The unemployment rate is forecast to stay at 3.8%. That would make it the 27th straight month with a jobless rate below 4% — the longest such streak since the 1960s.
The state of the economy is weighing on voters’ minds as the November presidential campaign intensifies. Despite the strength of the job market, Americans remain generally exasperated by high prices, and many of them assign blame to President Joe Biden.