Comments on April Employment Report

The headline jobs number at 164,000 for April was below consensus expectations of 190 thousand, however the previously two months were revised up a combined 30 thousand. With the revisions, this was close to expectations. Earlier: April Employment Report: 164,000 Jobs Added, 3.9% Unemployment Rate In April, the year-over-year employment change was 2.280 million jobs. This has been generally trending down, but is still solid year-over-year growth. Average Hourly Earnings Wage growth was about as expected in April, however hourly wages for March were revised down. From the BLS: " In April,......(read more)

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