1:34 PM · 7 May 2021

BREAKING: NFP well below expectations

The US economy unexpectedly added only 266k jobs in April, compared to a 916k increase in March and well below market expectations of 978k.

The jobless rate rose slightly to 6.1 % from 6.0% last month and above market estimates of 5.8%.

Average hourly earnings for all employees on private nonfarm payrolls rose 0.3 % YoY, after 4.2% increase in March and above market expectations of a 0.4% decline.

USDCAD fell after today's data releases from US and Canada. Pair is heading towards the support at 1.2145. Source:xStation5

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