US April non-farm payrolls +177K vs +130K expected

  • Prior was +228K
  • Two-month net revision: -58K versus -8K prior
  • Unemployment rate: 4.2% versus 4.2% expected
  • Prior unemployment rate: 4.1%
  • Unrounded unemployment rate: 4.1872% versus 4.1519% prior
  • Participation rate: 62.6% versus 62.5% prior
  • Average hourly earnings (m/m): +0.2% versus +0.3% expected and +0.3% prior
  • Average hourly earnings (y/y): +3.8% versus +3.9% expected and +3.8% prior
  • Average weekly hours: 34.3 versus 34.2 expected and 34.2 prior
  • Change in private payrolls: +167K versus +125K expected and +209K prior (revised to 170K)
  • Change in manufacturing payrolls: -1K versus -5K expected and +3K prior
  • Government jobs: +10K versus +19K prior
  • Full-time jobs: +305K versus +87K prior
  • Part-time jobs: +56K versus +247K prior
  • Household survey +436K vs +201K prior

The market is taking this as good news for the US dollar and I can get behind that as it shows steady hiring. S&P 500 futures are up 1% and gained since the data.

This article was written by Adam Button at www.forexlive.com.

Forex Pulse Detector

You May Also Like