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Economists expect payrolls grew by one million in April after rising by 916,000 in March. They project the unemployment rate fell to 5.8%, down from 6% in March and a record-high 14.8% last April when the pandemic struck.

Higher vaccination rates, fiscal stimulus and easing business restrictions are converging to support an economic boom across the U.S.
Gross domestic product, the broadest measure of goods and services made in the U.S., grew at a 6.4% seasonally adjusted annual rate in the first quarter.
Businesses are seeking workers to meet the surge in spending.
Many employers across the U.S. are reporting they can’t find enough workers, even though millions of people are unemployed. This phenomenon could restrain economic growth in the coming months.

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Classical CONTEXT

Economists expect payrolls grew by one million in April after rising by 916,000 in March. They project the unemployment rate fell to 5.8%, down from 6% in March and a record-high 14.8% last April when the pandemic struck.
Higher vaccination rates, fiscal stimulus and easing business restrictions are converging to support an economic boom across the U.S.
Gross domestic product, the broadest measure of goods and services made in the U.S., grew at a 6.4% seasonally adjusted annual rate in the first quarter.
Businesses are seeking workers to meet the surge in spending.
Many employers across the U.S. are reporting they can’t find enough workers, even though millions of people are unemployed. This phenomenon could restrain economic growth in the coming months.

Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from WSJ]

This is a “genioux fact fast solution.”

Tag Alerts those traveling at high speed on GKPath

ALERT, WSJ, An economic boom across the U.S.

Higher vaccination rates, fiscal stimulus and easing business restrictions are converging to support an economic boom across the U.S.

Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts.

Authors of the genioux fact

Fernando Machuca

References

Strong Expected Job Growth in April Set to Propel Economy, Sarah Chaney Cambon and Gwynn Guilford, May 7, 2021, The Wall Street Journal, WSJ.

ABOUT THE AUTHORS

Sarah Chaney Cambon

Reporter, The Wall Street Journal

Sarah Chaney Cambon is a reporter on The Wall Street Journal's economics team with a focus on covering economic data and its implications on everyday life. A native Tar Heel, Sarah graduated in 2016 from the University of North Carolina at Chapel Hill. Email her at sarah.chaney@wsj.com and follow her on Twitter: @sechaney.

Gwynn Guilford

Reporter, The Wall Street Journal

Gwynn Guilford covers the U.S. economy from the Washington, D.C., bureau.