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 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.
Happened as dated, per cnbc.com: "…ollowing the jobs report. " Wall Street opened sharply higher following the jobs news, with the Dow…"
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]
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]
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most.
6/ So how has Big Tech fared? Here's a snapshot:$AAPL 29.18 on 1/4, 29.47 now$MSFT 35.39 then, 45.74 now$GOOG 25.78 then, 35.21 now$META 24.37 then, 40.24 now$NVDA 63.47 then, 164.24 now$AMZN 51.35 then, 267.10 now$NFLX and $TSLA are the only 2 with lower PEs today.
— RJR Capital (@RJRCapital) May 12, 2023
