🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

April jobs: UE rate falls alongside labor force participation

Published 05/05/2017, 08:38 AM
© Reuters.  April jobs: UE rate falls alongside labor force participation
TBT
-
TLT
-
  • Alongside 211K jobs added in April (vs. 185K expected), March's 98K gain was revised down to 79K, and February's up to 232K from 219K. We'll call the establishment numbers a modest beat.
  • The unemployment rate, however, was expected to tick up to 4.6%, but instead dropped to 4.4%. As usual, we look to the labor force participation rate, and it did indeed fall - to 62.9% from 63.0%.
  • The broader U6 unemployment rate fell to 8.6% from 8.9%.
  • The average workweek edged higher by 0.1 hour to 34.4 hours.
  • Average hourly earnings rose $0.07 to $26.19; they're up 2.5% on a Y/Y basis.
  • Treasury yields spiked higher as the headlines hit at 8:30 ET, but have pulled back since. The 10-year yield is actually a hair lower on the session at 2.354%.
  • TLT +0.1%, TBT -0.2%
  • Now read: A Promising Setup To Trade... Long Bonds From The Long Side(!)


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.