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US Job Growth Recovers
The consensus for a 226k increase in April non-farm payrolls got as close as reasonably possible to the actual 223k increase. The positive news was tempered by the nearly 40k downward revision to the March report (85k down from 126k of the initial estimate). However, the unemployment rate slipped to 5.4% from 5.5% despite the 0.1% increase in the participation rate. Average hourly earnings increase by a meager 0.1% on the month for a 2.3% year-over-year pace. The downward revision to March is disappointing. It is not material in terms of new information for investors. After the recent trade figures, investors realize ... (full story)
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- May 8, 2015 9:25am May 8, 2015 9:25am
- Fx-Baron
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- ahmerkhan
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