(Finance) – Non-farm payrolls fall more than expected April 2024, a much-watched indicator for understanding the health of the U.S. labor market. According to data provided by the Bureau of Labor Statistics, the unemployment rate it rose to 3.9%, compared to 3.8% in the previous month and the consensus.
175 thousand were added jobs in the non-agricultural sectors (non-farm payrolls), after 315 thousand pay slips had been created in March (figure revised from 303 thousand). The data on employed people, more closely observed than the unemployment rate, is lower than market expectations which indicated an increase of 238 thousand jobs.
The figure is also lower than expectations in private sector: 167 thousand jobs were created, compared to the 243 thousand revised in March and the 281 expected by the market.
Those employed in the sector manufacturing they rose by 8 thousand units, against an increase of 5 thousand units estimated by the consensus and compared with the revised -4 thousand of the previous month.
The average hourly wages they stood at 34.75 dollars, recording an increase of 0.2% on the month and 3.9% on the year (against expectations for a +0.3 m/m and +4% y/y) after the +0 .3% monthly and +4.1% trend recorded in March. Average hourly wages are carefully monitored by the Federal Reserve as they are a good indicator of both the health of the labor market and inflationary pressures.
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