Changes in non-farm payrolls

2023-06-01
Summary:

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.

Changes in non-farm payrolls

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