Market news

6 May 2016

U.S. unemployment rate remains unchanged at 5.0% in April, 160,000 jobs are added

The U.S. Labor Department released the labour market data on Friday. The U.S. economy added 160,000 jobs in April, missing expectations for a rise of 202,000 jobs, after a gain of 208,000 jobs in March. March's figure was revised down from a rise of 215,000 jobs.

The increase was driven by rises in professional and business services, health care, and financial activities.

The Professional and business services added 65,000 jobs in April, financial activities added 20,000 jobs, while the manufacturing sector added 4,000 jobs.

Health care added 44,000 in April, while mining sector shed 7,100 jobs.

The U.S. unemployment rate remained unchanged at 5.0% in April, in line with expectations.

Average hourly earnings increased 0.3% in April, in line with forecasts, after a 0.2% rise in March. March's figure was revised down from a 0.3% increase.

The labour-force participation rate decreased to 62.8% in April from 63.0% in March.

As the U.S. labour market continues to strengthen, the Fed could raise its interest rate gradually this year.

Market Focus
  • ECB's Weidmann says first ECB rate hike could follow the end of QE more closely than in the U.S
  • Industrial producer prices rose by 0.1% in the euro area (EA19) and by 0.2% in the EU28
  • European Commission forecasts Euro Zone inflation will accelerate to 1.6 pct y/y in 2019 from 1.5 pct y/y seen in 2018
  • UK service providers signalled a modest rebound in business activity - Markit

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

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