【Key Points of the U.S. April Non-Farm Report】
1. Strong Employment Growth——According to the U.S. Bureau of Labor Statistics, despite a downward revision of 58,000 jobs in the previous two months, non-farm employment increased by 177,000 in April, better than expected.
2. Stable Unemployment Rate——The unemployment rate in the U.S. remained unchanged at 4.2% in April, while the labor force participation rate (the proportion of the population that is working or actively looking for work) rose to 62.6%.
3. Slowing Wage Growth——Average hourly wages in the U.S. increased by 0.2% month-over-month in April, a slowdown compared to March; compared to a year ago, it rose by 3.8%.
4. Industry Growth Situation——The healthcare sector added 51,000 jobs, while manufacturing lost 1,000 jobs, and the federal government reduced 9,000 jobs in April, bringing the total loss since January to 26,000.
5. Market Reaction——Betting on interest rate cuts by the Federal Reserve has decreased; U.S. stock index futures rose, the dollar index recovered some losses, and the yield on the two-year U.S. Treasury bonds, sensitive to policy changes, increased.