Non-Farm Payrolls Newsletter 🇺🇸 April 2024
+ Number of additional jobs created: 175,000 (Forecast = 238,000, last month = 303,000)
+ Unemployment rate: 3.9% (Forecast = 3.8%, last month = 3.8%)
+ Average hourly income: 0.2% (Forecast = 0.3%, old month = 0.3%)
All employment data was weaker than expected, which could help the Fed move closer to its 2% inflation target, contributing to the process of lowering interest rates.
Dow Jones Futures, Gold and Bitcoin all reacted positively to the news. Bitcoin alone has regained the $60K mark