This morning brought the release of April Non-Farm Payroll numbers out of the US, and while the headline number was fairly strong, the internals were questionable. The US economy added +263k jobs in the month of April, blowing by the expectation for +190k to have been added. Also in the positive column was the unemployment rate, which sunk to a fresh 50-year low, printing at 3.6% versus the expectation of 3.8%. But – the question marks around inflation in the US economy remain as Average Hourly Earnings missed expectations, coming in at an annualized 3.2% versus the expectation for 3.3%;
Currency Analysis Report 5/4/19 – Does The US Dollar Have More Upside???
May 4, 2019
Published by timm
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