"We expect the labor market to loosen going forward," said Rubeela Farooqi, chief US economist at High Frequency Economics.
"But we expect job growth to remain positive and see the unemployment rate remaining low, which should be supportive of economic activity this year," she added in a note.
Markets will also be closely eying a government jobs report due Friday, for its bearing on Fed policy.
Job growth is likely to ease more in the summer months, given an "ongoing decline in measures of vacancies and the steep drop in hiring intentions in business surveys," said Ian Shepherdson, chief economist of Pantheon Macroeconomics.
There has also been a "deterioration in leading indicators of layoffs," he said.
Source: AFP
