United States non-farm payrolls rose 228k in April, compared to a downwardly revise 85k in March.
The unemployment rate of 5.4% matched expectations as well as the March result, while hourly earnings growth was disappointing at 0.1%.
The data confirms a lot of the Q1 softness was due to one-time negatives, but without wage growth there's nothing in this report to bring forward Fed tightening expectations.
Commentary
US non-farm payrolls rose 228k in April
United States non-farm payrolls rose 228k in April, compared to a downwardly revise 85k in March. The unemployment rate of 5.4% matched expectations as well as the March result, while hourly earnings growth was disappoin…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
