Nonfarm Payrolls (NFP) in the United States (US) rose by 115K in April, the US Bureau of Labor Statistics reported on Friday.
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This section below was published as a preview of the US Nonfarm Payrolls data at 04:00 GMT. – Nonfarm Payrolls are expected to rise by 62K in April. – The Unemployment Rate is seen holding steady at 4.3%. – The USD is set to experience heightened volatility heading into the weekend. The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for April on Friday at 12:30 GMT. Investors will scrutinize the underlying details of the employment report to assess whether the Federal Reserve (Fed) is likely to consider an interest-rate cut later in the year.
What to expect from the next Nonfarm Payrolls report? Investors expect NFP to rise by 62K following the surprisingly strong 178K increase recorded in March. The Unemployment Rate is expected to remain unchanged at 4.3%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, is projected to rise to 3.8% from 3.5%.