April Nonfarm Payrolls Rose 244.000; Unemployment Rate At 9.0%
Nonfarm payrolls rose 244.000 in April; Consensus was at 185.000; March reading was an increase of 216.000 (revised +5.000). The unemployment was reported at 9.0% vs. prior reading of 8.8% and consensus of 8.8%.
Private payrolls were up 268.000 vs. 200.000 consensus and 231.000 reading in March (revised +1.000).
Nice positive beat despite all kind of wishful thinking flooding the sentiment…