Average hourly earnings +3.2% (+3.3% expected)
Economists surveyed by Bloomberg had forecast the Bureau of Labor Statistics will say the US added 190,000 nonfarm payrolls last month.Visit Markets Insider's homepage for more storiesThe Bureau of Labor Statistics added 263,000 nonfarm payrolls for the month of April, surpassing the 190,000 that economists expected. The unemployment rate came in at 3.6%, versus the 3.8% that was expected.
Economists surveyed by Bloomberg forecast that the Bureau of Labor Statistics will say the US added 190,000 nonfarm payrolls last month. The unemployment rate is seen holding at 3.8%, its lowest level in nearly five decades. That could push wage growth higher as companies compete for workers. Average hourly earnings are seen rising 0.3% after slowing in March, though increases have been softer than what economists would expect with the current unemployment rate.
Strong results would offer further evidence that a weaker period of hiring earlier this year was just monthly noise and not the start of a downward trend.in March, with the US adding 196,000 jobs, after slowing to a near standstill in the previous month. In March, the US shed 6,000 manufacturing jobs after nearly two years of steady gains. That was just the latest sign of a slowdown in manufacturing activity, which accounts for about a tenth of output in the US economy.A bizarre series of events has caused havoc for recent economic data and a headache for forecasters
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