U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength. NFP are expected to rise by 190,000 in May, a cooling of the surprise gain of 253,000 jobs created in April.
NFP(Changes in non-farm payrolls)
02/06/2023 (Friday)
Previous (April):253k Forecast: 190k
U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength. NFP are expected to rise by 190,000 in May, a cooling of the surprise gain of 253,000 jobs created in April.
Average hourly earnings increased by 0.5% on a monthly basis up from 0.3% in March, bringing the annual rate back to 4.4% from 4.3% previously. This print in particular doesn’t bode well for the Fed in the fight against inflation.
But U.S. economic activity appeared to stall in recent weeks, a Federal Reserve report published on showed, with job growth and inflation both slowing, and near-term business prospects looking slightly worse than previously.
In September, Tokyo's inflation decelerated more than anticipated, reinforcing the need for continued ultra-easy monetary policy, while the focus remains on the yen trading near the 150 level and the potential for intervention by Japanese authorities.
2023-09-29WTI crude jumped nearly $1 a barrel on Thursday to its highest in more than a year as a steep drop in crude stocks in the US added to supply jitters.
2023-09-28The Dow fell Tuesday after the latest home sales and consumer confidence reports stoked recession concern.
2023-09-27