Nonfarm Payrolls Jump By 115,000 In April, Smashing 62,000 Estimate

S&P 500 index

S&P 500 index

SPX

0.00

The U.S. labor market added 115,000 nonfarm payrolls last month, blowing past economist forecasts for 62,000, the Bureau of Labor Statistics reported Friday.

The print marks a slight deceleration from the prior month’s upwardly revised 185,000 gain.

The unemployment rate held at 4.3%, unchanged from the previous reading and in line with the 4.3% consensus.

Average hourly earnings rose 0.2% month-over-month, missing the 0.3% estimate. On an annual basis, pay climbed 3.6%, landing just below the 3.8% forecast.

This is a developing story…

Image: Shutterstock

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.