Government Survey Out on Friday to Shed Light on Economy

By: Carly Stephenson Email
By: Carly Stephenson Email

HARRISONBURG, Va. -- We will learn more from about jobs numbers from a national government payroll survey on Friday morning.

Numbers out earlier this week by payroll company ADP show that companies are adding fewer jobs. March numbers show that employers are adding about 158,000 jobs and that is down from February.

Construction firms are also holding off on hiring, but that's after three months of a hiring surge.

The head of the Economics department at James Madison University said going back to an economy like we had in 2006 isn't something that takes months.

Instead, Ehsan Ahmed said it could take about seven years.

"To start producing they need to have this positive outlook because about 70 % of the U.S. industries move together," said Ahmed.

A reason that private industries may not be hiring could partly be because of rising costs like healthcare.

On a positive note, unemployment is still down from for years ago. Friday's numbers are expected out around 8:30 a.m.

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