U.S. Unemployment rate 3.4%, Non-farm payrolls added 253k jobs

MG News | May 05, 2023 at 05:33 PM GMT+05:00

0:00

May 05, 2023 (MLN): The U.S. unemployment rate for the month of April stood at 3.4%, while non-farm payrolls (NFP) added 253k jobs for the said month.

The unemployment rate fell by 0.1% MoM as compared to 3.5% in the previous month, and beat market analysts' expectations of 3.6%.

Notably, the unemployment rate is at its lowest level since January of this year.

Meanwhile, NFP, which shows the number of jobs created in the U.S. excluding farm workers, added 73k more jobs than the market analysts' expectations of 180k jobs.

NFP is a key indicator of the U.S. labor market performance.

Copyright Mettis Link News

Related News

Asia markets mixed as SoftBank shares slide after Nvidia exit

China suspends port fees, signals warming trade ties with US

Oil gains on hopes of U.S. shutdown deal

Name	Price/Vol	%Chg/NChg
KSE100	158,183.95 217.77M	0.20% 313.44
ALLSHR	96,039.69 755.78M	-0.07% -68.77
KSE30	47,890.56 125.17M	0.10% 47.49
KMI30	225,260.19 74.23M	-0.64% -1448.03
KMIALLSHR	62,327.83 230.40M	-0.31% -193.35
BKTi	43,848.14 49.46M	-0.14% -63.41
OGTi	30,283.53 16.88M	-0.18% -54.46

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	102,510.00	102,870.00 101,640.00	775.00 0.76%
BRENT CRUDE	62.55	62.60 62.34	-0.16 -0.26%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	95.65	95.65 95.65	-0.05 -0.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.32	58.50 58.12	-0.17 -0.29%
SUGAR #11 WORLD	14.57	14.57 14.18	0.32 2.25%