Strong US job growth expected in April; wages seen moderate

WASHINGTON: U.S. employers likely maintained a strong pace of hiring in April while steadily increasing wages for workers, pointing to solid economic growth and moderate inflation pressures.

The anticipated job gains in April would be close to the monthly average of 180,000 in the first quarter and well above the roughly 100,000 needed per month to keep up with growth in the working-age population. The unemployment rate is expected to have held steady at 3.8 percent in April as more people searched for work. The jobless rate, around the lowest in nearly 50 years, is close to the 3.7 percent that Fed officials project it will be by the end of the year. Economists say there has been a reduction in the number of people collecting disability benefits, testament to the labor market's strength.

Some economists expect job growth to slow further this year as fewer workers become available, which will push up wages and lift inflation back to the Fed's 2 percent target. An inflation measure tracked by the U.S. central bank increased 1.6 percent in the year to March, the smallest gain in 14 months, from 1.7 percent in February.

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