U.S. Adds 164,000 Jobs In April; Unemployment Falls To 3.9%
MarketPulse | May 04, 2018 09:05AM ET
- April non-farm payroll (NFP) +164K vs. +192Ke
- Change in private payrolls: +168K vs. +190Ke
- Change in manufacturing payrolls: +30K vs. +20Ke
- Birth-death adjustment: +260K vs. +65K prior
- US March payrolls revised to +135K; Feb Revised to +324K
- Prior change in private payrolls revised higher from: +102K to +135K
- April unemployment rate: +3.9% vs. +4.1%
- Apr Average Hourly Earnings +0.15%, or +$0.04 to $26.84; Over Year +2.6%
- Apr Average Workweek Unchanged at 34.5 Hours
- US Apr Labor-Force Participation Rate 62.8%
The jobless rate in the US fell to +3.9% in April, touching the lowest mark since December 2000. US employers added +164k jobs, a pickup from March and more than enough to keep up with population growth.
Nevertheless, workers’ wages continued to grow sluggishly despite the historically low unemployment rate. Wages grew +4c over the month and +2.6% over the past year.
Employers have stepped up hiring this spring – they have added an average +208K jobs over the past three-months, well above last year’s monthly average of +182K.
For rate ‘hawks,’ signs of a tightening labor market may push the Fed to consider raising short-term interest rates slightly more aggressively this year than they have signalled to date.
Hourly pay for private-sector workers rose, on average, rose +0.15% from a month earlier to +$26.84 in April. That figure was +2.6% above the year ago level.
The dollar is little changed on the market miss and US equity futures have pared declines after the release. US 10s are trading a tad shy of +2.93%.
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.