- Change in Nonfarm Payrolls (Released 8:30 EST)
- Unemployment Rate (Released 8:30 EST)
- Change in Manufacturing Payrolls (Released 8:30 EST)
- Average Hourly Earnings MoM (Released 8:30 EST)
- Average Hourly Earnings YoY (Released 8:30 EST)
- Average Weekly Hours (Released 8:30 EST)
- Factory Orders (Released 10:00 EST)
- Factory Orders TABLE (Released 10:00 EST)
Change in Nonfarm Payrolls (Apr)
| Survey | -75K |
| Actual | -20K |
| Prior | -80K |
| Revised | -81K |
Upside surprise – staying above recession levels, and a lagging indicator.
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Unemployment Rate (Apr)
| Survey | 5.2% |
| Actual | 5.0% |
| Prior | 5.1% |
| Revised | n/a |
Still trending higher, but not at recession levels, and a lagging indicator as well.
And still very near what the fed considers full employment, putting inflation expectations at risk of elevating for the mainstream.
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Change in Manufacturing Payrolls (Apr)
| Survey | -35K |
| Actual | -46K |
| Prior | -48K |
| Revised | n/a |
Better than expected, not at recession levels.
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Average Hourly Earnings MoM (Apr)
| Survey | 0.3% |
| Actual | 0.1% |
| Prior | 0.3% |
| Revised | n/a |
Lower than expected, indicating wages still well anchored, at least in this report.
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Average Hourly Earnings YoY (Apr)
| Survey | 3.6% |
| Actual | 3.4% |
| Prior | 3.6% |
| Revised | n/a |
Coming off some but still moving up at a reasonably pace.
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Average Weekly Hours (Apr)
| Survey | 33.7 |
| Actual | 33.7 |
| Prior | 33.8 |
| Revised | n/a |
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Factory Orders (Mar)
| Survey | 0.2% |
| Actual | 1.4% |
| Prior | -1.3% |
| Revised | -0.9% |
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Factory Orders TABLE
Upside suprise, same story – domestic weak, export sector strong.
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