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Did you see this Mr Powell? Second Weak Job Reading This Week as Trade War Weighs on Economy

Jun 07, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

  • Non-farm payrolls added just 75,000 jobs in April, well below the 175,000 consensus estimate
  • March data was revised lower to 224,000; revisions for the past 2 months cut 75,000 jobs and the 3-month moving average for jobs adds is just 151,000
  • Average hourly earnings rose 3.1%, below 3.2% consensus, but still a healthy number
  • The unemployment rate held steady at 3.6%, the lowest in almost 50 years

 

US Non-Farm Payroll Additions - 1 Year

non farm payrolls

Source: Bloomberg

 

 

 

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