Hi Jerry,..Re:.April Employment Report
The numbers of concern, average hourly earnings, were great!
New Jobs for April = +234k
Unemployment rate = 4.3%
Average hourly earnings = +0.2%, 3.2% YoY
stats.bls.gov:80/news.release/empsit.nws.htm
Payroll employment rose in April, and the unemployment rate was
essentially unchanged at 4.3 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Nonfarm payroll employment grew by 234,000. Job gains occurred throughout the service-producing sector, but losses continued in manufacturing and mining.
Average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls rose by 3 cents in April to $13.11, seasonally adjusted. Average weekly earnings rose by 0.5 percent over the month to $452.30, seasonally adjusted. Over the year, hourly and weekly earnings each rose by 3.2 percent.
Bond market not sure what to do though! <g>
204.71.198.62:443/926080841070?User=demo&Pswd=demo&DataType=GIF
Economy looking good going forward.
Best,
Lee |
