Macro

U.S. April Non-Farm Employment 115,000; Double Consensus But Momentum Slows

April non-farm employment added 115,000, exceeding Dow Jones consensus of 55,000, but declined from 185,000 in March. Unemployment remained at 4.3%. Hourly wages rose 0.2% month-over-month and 3.6% year-over-year, both below expectations (0.3% and 3.8%).

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