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- Payrolls come at 12:30 GMT with median +185,000
Payrolls come at 12:30 GMT with median +185,000
Markets remain calm today awaiting for US Non-Farm payrolls figures to asses the strength of current recovery on the world's largest economy. The median estimate is +185,000, but the range is between 175,000 and 195,000 in April, following a 216,000 increment in March and 194,00 in February.
The jobless rate may have held at 8.8%.
The jobless rate dropped a percentage point over the four months ended March to reach 8.8%, the lowest level in two years. Estimates for April range from 8.6% to 9%.
For the full year, economists expect 2.3 million new jobs and an unemployment rate of 8.4% by year end.
The Labor Department said that claims for unemployment benefits rose to 474K last week, the highest level in eight months.
ADP Employer Services data showed employment at U.S. companies increased by 179,000 jobs in April, compared with a revised 207,000 in March. The median estimate called for a 198,000 advance this month.
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