The unemployment rate remained stable at 4.2%, without variation compared to the previous month. In total, there are 7.2 million unemployed people.
He US labor market He showed signs of moderation in April, although the cooling was lower than expected. According to data from the Office of Labor Statistics (BLS), 117,000 new jobs were created during the month, below the 185,000 registered in March “Revised down since 228,000,” but above the 130,000 planned by the analyst consensus.
LAt the unemployment rate it remained stable at 4.2%, without variation compared to the previous month, with a total of 7.2 million unemployed people. The participation rate in the workforce, meanwhile, rose to 62.6%, suggesting a slight improvement in the offer of workers.
What sectors promoted the auspicious employment data in the US
Regarding income, The average wages per hour increased a monthly 0.2%, one tenth less than expected. In interannual terms, salary growth was 3.8%, also below the expectation of 3.9%. The sectors with greater dynamism at the beginning of the second quarter were health, social assistance, transport, storage and financial services.
The health sector added 51,000 jobs, in line with its monthly average growth during the last year. The main increases were observed in hospitals (+22,000) and outpatient services (+21,000). The employment in transport and storage also grew strongly, adding 29,000 new positions after a previous month practically flat (+3,000). They highlighted the increases in storage and deposit (+10,000), messaging services (+8,000) and air transport (+3,000).
In financial activities, 14,000 jobs were added, consolidating a recovery of 103,000 positions from its lowest point in April 2024. On the contrary, sectors such as mining, construction, manufactures, trade, information, professional services, leisure and hospitality, and other services did not show significant variations.
In the public sphere, federal employment retreated in 9,000 positions in April, accumulating a loss of 26,000 jobs since the beginning of the year.
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The economist
“April employment figures were 177,000, exceeding 138,000 planned, and challenging the expectations of economic fragility after a negative report of the GDP of the first quarter. However, given that the negative GD hard and soft dataS, ”said Lara Castleton, director of construction and portfolio strategy of Janus Henderson in the US.
In relation to the decision that the Fed will make before these indications of the US economy, he concluded: “Unfortunately for those who want lower types, this data will make it difficult for the Federal Reserve to increase the cuts at the beginning of the year. Fixed income markets are adjusting again to the narrative of” higher for longer. “For investors, continue to invest in quality companies and seek differentials adjusted to the risk should be a priority. Only commercial resolutions will stabilize markets; Meanwhile, the mantra is to continue investing “.
Source: Ambito
