US April Payrolls Rise by 115,000, Beating 55,000 Forecast in Key Jobs Report

The US Bureau of Labor Statistics said on May 8 local time that US nonfarm payrolls increased by 115,000 in April from the previous month. The figure exceeded the Dow Jones consensus forecast, which had called for a gain of 55,000 jobs. The release draws attention because nonfarm payroll growth is a key indicator used to assess the direction of the US labor market, and the reported increase came in above market expectations. The original report provides figures limited to April nonfarm payroll growth and the economists’ forecast. Markets are expected to watch how this jobs data reflects the broader trend in the US economy. Source: mk.co.kr