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Coming up in the Asia-Pac session on Tuesday:

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Coming up in the Asia-Pac session on Tuesday:

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Heading North

G7

Health Ministers Release Joint Statement

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Heavy!

--March Payrolls Rev Down To 189k, February Jobs Rev Up to 56k
By Kevin Kastner, Shikha Dave and Harrison Clarke
     WASHINGTON (MNI) - Payrolls growth was much stronger than expected 
in April, following a downward revision to the March rebound and an 
upward revision to the modest February gain. The unemployment rate 
fell to 3.6% from 3.8% in March. 
     Hourly earnings growth was a bit softer than expected, but followed 
an upward revision in the previous month, keeping the year/year rate to 
3.2%. 
     Here are some of the key takeaways from the data released Friday: 
     - April payrolls data were stronger than expected, posting a 
263,000 gain compared with the 190,000 Bloomberg consensus and MNI 
survey median. This followed a downward revision to March (+189k vs 
+196k prev) and upward revision to February (+56k vs +33k prev) for a 
net upward revision of 16,000. 
     - Hourly earnings rose 0.2% after the March gain was revised up to 
0.2%. The Bloomberg consensus and MNI surveys both looked for 0.3% gain. 
As a result, the year/year rate for earnings was unchanged at 3.2%. 
Average hours worked fell slightly to 34.4 hours in April after 
rebounding to 34.5 hours in March. 
     - The unemployment rate fell to 3.6% vs 3.8% expected, as the labor 
force participation rate fell to 62.8% from 63.0%. The size of the labor 
force fell by 490,000, with the number of employed falling modestly and 
the number of unemployed falling sharply. 
     - Private payrolls rose by 236,000 in April, compared with a 
185,000 increase expected by both Bloomberg and an MNI survey, with 
health care and leisure jobs among the key gains. Weakness could be seen 
in retail. 
     ** MNI Washington Bureau: 202-371-2121 ** 
 
[TOPICS: MAUDS$,M$U$$$,MAUDR$]