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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The economics calendar will bring us the monthly jobs report, which should show the U.S. economy continues to create jobs in the 10th year of the economic recovery. Economists expect the economy added 185,000 jobs in April, a rebound from March’s disappointing headline jobs gain while the unemployment rate is expected to drop to 4% after it held at 4.1% for a sixth-straight month in March.
The Federal Reserve will also announce its latest monetary policy decision on Wednesday, though this announcement should come and go without fanfare as the central bank is widely expected to keep its benchmark interest rate policy unchanged in a range of 1.5%-1.75%.
These reports follows last week’s first estimate on first quarter GDP, which showed the economy grew at an annualized pace of 2.3% in the first three months of the year, better than had been expected by economists but a deceleration from the economic growth seen at the end of last year.
“The slowdown in GDP growth to 2.3% annualised in the first quarter, from 2.9% in the final quarter of last year, was a slight disappointment since the tax cuts should have provided an immediate boost,” said economists at Capital Economics on Friday.
“Nevertheless, given that the economy has repeatedly swooned in the first quarter in recent years, the Fed won’t be too concerned, particularly not at a time when price inflation and wage growth are surging.”
