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Goldman Sachs: US Jobs Report to Fall Far Short of Estimates

“The United States likely added only 125,000 net jobs in April, a Goldman Sachs report finds, far less than calls from Reuters for a gain of 170,000, and an average of 177,250 jobs created every month from December to March.

The Bureau of Labor Statistics will release the official number Friday, about a month after the March jobs report came in well below expectations with 120,000 jobs added.

“Real income growth remains soft, partly because of higher energy prices, wealth effects are not yet particularly positive, consumer confidence remains modest, and again some of the recent strength in retail sales probably reflects weather effects,” says Goldman Sachs chief U.S. economist Jan Hatzius, according to CNBC…”

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