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In the week ending April 27, the advance figure for seasonally adjusted initial claims was 208,000, unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 207,000 to 208,000. The 4-week moving average was 210,000, a decrease of 3,500 from the previous week's revised average. The previous week's average was ...
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Traders and economists expect the NFP report to show that the US created 238K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate holding steady at 3.8%. As Fed Chairman Powell noted in his press conference on Wednesday, the US economy has thus far defied expectations for a slowdown to start 2024, and ...
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