US Bureau of Labor Statistics to release April nonfarm payroll data
Updated
Updated · tradingkey.com · May 6
US Bureau of Labor Statistics to release April nonfarm payroll data
7 articles · Updated · tradingkey.com · May 6
The report is due at 8:30 a.m. ET on May 8, with markets expecting 60,000 jobs added, steady unemployment and faster wage growth.
March job openings fell to 6.866 million, but hires rose 13.37% to 5.554 million and payrolls increased 178,000, suggesting a resilient labour market.
A solid reading could delay Federal Reserve rate cuts, lift Treasury yields and pressure growth stocks, while a weak result could revive easing bets amid inflation risks.
With global tensions fueling inflation, could a weak jobs report fail to convince the Fed to lower interest rates?
As AI reshapes hiring, will the April jobs report reveal a permanent shift in the job market for young professionals?