The United States generated 175,000 Non-Agricultural Payrolls during the month of April, as reported by the United States Department of Labor. The figure has disappointed the 243,000 expected by the market. The March figure, however, has been revised upwards, with 315,000 jobs created compared to the 303,000 published a month ago. April is the month that has generated the fewest jobs in six months, specifically since October 2023.
The Unemployment rate has risen one tenth in April, increasing to 3.9% from the previous and expected 3.8%. The labor force participation rate has remained at 62.7%, as expected.
He average hourly earnings have increased 3.9% year-on-year in April, below the 4.1% in March and the estimated 4%or for today. On a monthly basis, wage gains increased by 0.2% compared to the previous and expected 0.3%.
The average hours worked per week has decreased slightly to 34.3 from 34.4.
dollar reaction
The Dollar Index (DXY) has fallen sharply following the data, gapping between 105.11 and 104.76 first, and then extending its decline to 104.55, its lowest level in three weeks.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
