- The US economy added 428k jobs in April, compared to the 431k increase in March and above market expectations of 385k.
- The jobless rate remained unchanged at 3.6% and above market estimates of 3.5%.
- Closely watched wage growth fell to 5.5% YoY, from 5.6% increase in March and in line with market expectations.
Still, economists believe the labour market could soon start to slowdown as the economy gets close to full employment, which would provide some relief to hot wage growth at a time inflation is running at levels not seen since 1981.
Simultaneously to the release of US data, the Canadian labour report for April was released. However USDCAD pair barely reacted to the release to today's data releases. Source: xStation5
Fed's Miran signals two more rate cuts this year and disinflationary process🗽
BREAKING: NY Empire better than expected; EURUSD muted 📌
Precious metals at record highs: Gold and Silver shine as the Fed ends its Tightening Cycle
Fed Collins remarks on monetary policy and US economy🏛️EURUSD gains 0.2%
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
