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.

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This entry was posted on Friday, May 6th, 2011 at 6:53 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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