Nonfarm payroll increased 175,000 in April, a significant reduction from 315,000 in March and fell short of the market expectation of 243,000.
- this is the smallest number of jobs gain since October.
Unemployment rate: 3.9% (March:3.8%)
Labor force participation rate: 62.7% (March:62.7%);
- Prime-age participation rate was 83.5% (March:83.4%)
Average hourly earnings growth YoY: 3.92% (March:4.11%) ; MoM: 0.20% (March:0.3%)
- Annualized three-month hourly earnings growth: 2.81% (March:4.02%)
