CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

US jobs figures 8216 will highlight faltering economy 8217

Article By: ,  Financial Analyst

US employment data for April is expected to show the country's economy recovered slightly, but not by enough to prevent concerns it is struggling to maintain steady growth.

According to a Reuters survey of economists, nonfarm payrolls are believed to have increased by 145,000 jobs. This comes after a nine-month low of 88,000 in March, but both results are well below the 200,000 average for the first two months of 2013.

Millan Mulraine, a senior economist at TD Securities, said: "That would be consistent with an economy that's losing growth momentum but hasn't fallen out of bed."

It is estimated the US economy grew at a rate equivalent to 2.5 per cent in Q1 2013, but figures relating to spending on construction, trade and retail sales suggest the period ended with significantly less expenditure.

Following tax hikes and government spending cuts that came into effect on March 1st, the country has appeared to struggle to sustain growth, but the predictions for employment figures would be enough to keep unemployment space at a four-year low.

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