Bill Adams, Chief U.S. Economist at Fifth Third Bank, forecasts that the U.S. nonfarm payrolls for April will increase by 120,000 jobs, maintaining the unemployment rate at 4.3%. The annual growth rate of average hourly earnings is expected to rise to 3.8% from March's 3.5%, potentially easing some cost-of-living pressures from higher gasoline prices. If realized, this would bring the average monthly job growth to 80,000 for the year, surpassing the growth in job seekers, which has slowed due to demographic changes and immigration restrictions.