Swiss Economicblogs.org
US average hourly earnings data were slightly disappointing in April, but the non-farm payroll figure was robust and the unemployment rate continued to decline.Non-farm payroll employment rose by a solid 211,000 in April, above consensus expectations.Unexpectedly, the US unemployment rate continued to fall from 4.5% in March to 4.4% in April, and is now significantly below the Fed’s median estimate for full employment (4.8%).However, wage data were somewhat disappointing, with the pace of...
Read More »US unemployment falls to fresh cyclical low
