April Nonfarm Payrolls Rose 244.000; Unemployment Rate At 9.0%
(For April 2011)
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…
Average weekly hours worked for private employees unchanged at 34.2.
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate