#Payroll - 04/04
Mucilon is up to date, came in strong and above expectations, indicating a resilient job market in the USA.
1. Job Creation: 228 thousand openings > WELL above expectations. Better than February, which was revised to 117 thousand.
The number is within the range of 'healthy growth,' indicating an economy still solid. So far, ALL GOOD!
2. Unemployment Rate: Rose to 4.2%, just slightly above expectations. Previous was at 4.1%.
Indicating that more people are entering the job market looking for vacancies.
3. Labor Force Participation: 62.5% (percentage of the active population in the job market). Employment-population: 59.9%.
More people looking for jobs. A heated market generally increases this participation.
4. Wages (average hourly earnings): $36 per hour, an increase of 0.3% in the month and 3.8% in the year.
Wage growth is important because it affects inflation. When wages rise too quickly, the Fed keeps interest rates high for longer.
——— 🥷 Reactions:
> Stock Market: A strong payroll is good for the economy, but may delay interest rate cuts, which pressures stocks.
> Dollar: Wages and job creation within a strong wave, the dollar tends to rise, as higher interest rates make the asset more attractive.
> Interest Rates: The Fed will continue to delay interest rate cuts with the economy heated.
🧨In summary: The Fed still needs to keep interest rates high for longer, let's wait until June/July. 🌪️
Leave a super like to share the post and let's go! 👊🏽🥷