A fresh update on the state of the US economy is due this morning at 8:30am US eastern time, with economists expecting to hear that some 200,000 new jobs were created during the month of April. Some are betting on even better job creation for the month. Citing recent data on strength in the large US service sector, analysts at Goldman Sachs boosted their forecast for the report. The bank now expects that some 240,000 jobs were created in April.
While the monthly jobs report has wide margins of error and is prone to revision, it does provide one of the most timely updates on the state of the world’s largest economy. That state has been remarkably strong, despite concerns about a slowing China and a sharp decline in oil and gas drilling activity tied to the collapse of crude prices and a volatile political season.
Once the report hits, we’ll be collecting the best bits of analysis and insight from around the web and adding some of our own, as the online hive mind digests the report. Stick around.