Good news - Recession remains at bay
Bad news- The Fed can stay pat for longer.
The market takes the good news first but in rather circumspect fashion. The dollar barely moved, Gold moved a little lower after rising for most of the day.
US Labor Apr Nonfarm Payrolls +177K; Consensus +133K
US Apr Unemployment Rate 4.2%; Consensus 4.2%
US Apr Average Hourly Earnings +0.17%, or +$0.06 to $36.06; Over Year +3.77%
US Apr Private Sector Payrolls +167K and Government Payrolls +10K
US Apr Average Workweek Unchanged at 34.3 Hours
US Apr Labor-Force Participation Rate 62.6%
US Mar Payrolls Revised to +185K; Feb Revised to +102K
US Mar Unemployment Unrevised at 4.2% https://x.com/DeItaone/status/1918282447508377608
