Nonfarm payroll employment increased less than expected
Total nonfarm payroll employment increased by 160,000 in April. Analysts were predicting increase by 205,000. Over the prior 12 months, employment growth had averaged 232,000 per month. In April, employment gains occurred in professional and business services, health care, and financial activities, while mining continued to lose jobs. Unemployment rate remain stable at 5.0%.
In April, average hourly earnings for all employees on private nonfarm payrolls increased by 8 cents to $25.53, following an increase of 6 cents in March. Over the year, average hourly earnings have risen by 2.5%. In April, average hourly earnings of private-sector production and nonsupervisory employees increased by 5 cents to $21.45.
Euro is currently being traded few points above 1.1440 level, Sterling is around 1.45 handle, while Aussie is at 0.7350 area.
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