Rolling coverage of the latest economic and financial news
- US jobs report for April weaker than expected
- Economists forecast 1 million new jobs
Earlier:
- UK construction growth near 6.5 year high…
- FTSE 100 at new 14-month high today
- Iron ore and copper both at new peaks
- China reports strong trade growth in April
- Yesterday: UK set for strongest economic growth since 1940s
In another blow, March’s Non-Farm Payroll has been revised down too.
It now shows that 770,000 new jobs were created in the US in March, down from the 916,000 estimated a month ago.
Boom! Big miss in NFP. Total nonfarm payroll employment rose by 266,000 in April (consensus range 755k – 2.1mm) , and the unemployment rate was
little changed at 6.1%. And big revision down in March’s NFP. The change in total nonfarm payroll employment for February was revised
Newsflash: The US economy added just 266,000 new jobs in April, missing expectations.
That’s a lot weaker than expected — way shy of the Wall Street consensus of nearly one million new jobs.
#NFP growth for April comes in at disappointing +266K
The unemployment rate was UP to 6.1 %
Wow!
Now we go look under the hood and see what happened on a sectoral basis.
Also, watch here and @jobqualityindex in about 15 minutes for the #JQInstant.