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Sunday, 8 May 2016

Four quick takeaways on April 2016’s U.S. jobs report

‘Four quick takeaways from the April jobs report’: Total nonfarm payroll employment in the United States increased by 160k jobs in April, and the unemployment rate was unchanged at 5%, according to the US Bureau of Labor Statistics in its in monthly Employment Situation, also referred to as the jobs report, on Friday. Mohamed Al. El-Erian provided his brief take the same day, namely: the number of jobs added was under consensus expectations of 200k jobs, and that the report complicates “the US central bank’s deliberations about the timing of further interest-rate increases. The conflicting data make the jobs report for May, which will be released next month, an even more important input for the June meeting of the Federal Open Market Committee.”

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