Summary:
U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength. NFP are expected to rise by 190,000 in May, a cooling of the surprise gain of 253,000 jobs created in April.
NFP(Changes in non-farm payrolls)
02/06/2023 (Friday)
Previous (April):253k Forecast: 190k
U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength. NFP are expected to rise by 190,000 in May, a cooling of the surprise gain of 253,000 jobs created in April.
Average hourly earnings increased by 0.5% on a monthly basis up from 0.3% in March, bringing the annual rate back to 4.4% from 4.3% previously. This print in particular doesn’t bode well for the Fed in the fight against inflation.
But U.S. economic activity appeared to stall in recent weeks, a Federal Reserve report published on showed, with job growth and inflation both slowing, and near-term business prospects looking slightly worse than previously.
Trump’s tariff suspension lifted U.S. stocks, but growing fears of recession and inflation pushed several Wall Street firms to cut S&P 500 targets.
2025-04-11
Oil prices fell on Friday, set to decline for a second week amid concerns that the ongoing US-China trade war will hurt global crude demand.
2025-04-11
Labor Department data showed that the consumer price index rose 2.8% in February, core inflation was 3.1%, and housing costs rose 4.2%.
2025-04-10
