NFP Headline Beats Expectations; Confirms Fed’s View that Labor Markets are Tight

US Non-Farm Payrolls showed that economy added 428,000 jobs in April, matching March’s revised print and beating average estimates of 391,000.  In addition, the report showed that the Unemployment rate was unchanged at 3.6% vs expectations of a drop to 3.5%.  Average hourly earnings were 0.3% vs a revised print of 0.5% in March and […]

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