Hourly earnings rose 4.4% year-on-year in April, up from 4.2% previously, and 0.5% sequentially, up from 0.3% previously and expected
U.S. April non-farm payrolls exceeded expectations on the upside, indicating that the job market has not yet cooled down and market expectations of interest rate cuts receded
The unusually hot employment report dispelled the market's expectations that the Fed will soon cut interest rates, and expectations for another rate hike in June began to rise
April non-farm payrolls again exceeded expectations on the upside, unemployment rate to a new low, the first two months of data was revised down
On May 5, the U.S. Department of Labor data showed that U.S. non-farm payrolls added 253,000 jobs in April, higher than the expected 185,000
February and March non-farm payrolls were revised downward, with February data revised downward from 326,000 to 248,000 and March data revised downward from 236,000 to 165,000, with the revised February and March totals 149,000 lower than before the revision
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