Good U.S. payrolls gains seen, but swelling labor force to cap wage growth

Job applicant Rose is interviewed at a "Hiring Our Heroes" military job fair in WashingtonU.S. employment likely rose again in April, but a rush of job seekers into the labor market should keep wage gains moderate and buy a cautious Federal Reserve more time before raising interest rates again. Nonfarm payrolls probably increased by 202,000 last month in U.S. Labor Department data due for publication on Friday, after growing by 215,000 in March, according to a Reuters survey of economists. The unemployment rate is forecast to have held at 5.0 percent as improving labor market conditions lured some previously discouraged job seekers back into the workforce.


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