- Start
- May 5, 202396% CONFIDENCEfrom dol.gov
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Nonfarm payrolls increased 253,000 for April, beating Wall Street estimates for growth of 180,000.
The unemployment rate was 3.4% against an estimate for 3.6% and tied for the lowest level since 1969.
Average hourly earnings rose 0.5% for the month and increased 4.4% from a year ago, both higher than expected.
- The BLS reported nonfarm payrolls up 253,000 in April 2023, beating the 180,000 estimate[1][2]
- Unemployment was 3.4% against a 3.6% estimate, tied for the lowest since 1969[1][2]
- Average hourly earnings rose 0.5% on the month to $33.36 and 4.4% year over year, above estimates[1][2]
- Gains led by professional and business services (43,000), health care (40,000) and leisure and hospitality (31,000); March was revised down to 165,000 and February to 248,000[1][2]
- Released May 5, 2023 amid bank turmoil and a slowing economy; a June Fed hike was seen as a small probability[1]
References 394% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%cnbc.com/2023/05/05/jobs-report-april-2023-job-growth-totals-25300-in-april.htmlcnbc.com· Posted May 5, 2023· Starts May 5, 2023· 33% of score
Happened as dated, per cnbc.com: "…ollowing the jobs report. " Wall Street opened sharply higher following the jobs news, with the Dow…"
- [2]95%The Employment Situation - April 2023bls.gov· Published May 5, 2023· 33% of score
The Bureau of Labor Statistics' own official release, titled "The Employment Situation - April 2023" and dated 5 May 2023, is the primary source underlying the pin's jobs-report figures and matches the pin's stored date exactly, though the page itself could not be fetched to quote directly.[1]
- [3]96%The Employment Situation - April 2023dol.gov· Published May 5, 2023· Starts May 5, 2023 ✓· 33% of score
The U.S. Department of Labor's own official release of the April 2023 employment situation report, confirming the 253,000 nonfarm payroll gain on 5 May 2023, matching the pin's stored date exactly.[1]
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