The major event today was the release of nonfarm payrolls, which turned out to be disappointing somewhat due the
Nonfarm payrolls rose by 160k in April, trailing the analysts’ median forecast of 203k. The previous month’s increase was revised down from 215k to 208k. Unemployment rate remained at 5.0%. Average hourly earnings rose 0.3%, matching economists’ predictions. (Event A on the chart.)
Consumer credit rose by $29.6 billion in March, exceeding the economists’ consensus estimate of $16.1 billion. The February’s reading got a negative revision from $17.3 billion to $14.2 billion. (Event B on the chart.)
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- May 6, 2016
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