US non-farm payroll employment grew strongly by 263k in April, well above expectation of 185k. Prior month’s figure was revised slightly down from 196k to 189k. Unemployment dropped to 3.6%, down from 3.8% and beat expectation of 3.8%. That’s the lowest level since December 1969. Participation rate dropped by -0.2% to 62.8%. Average hourly earnings rose 0.2% mom, below expectation of 0.3% mom. But prior month’s figure was revised up from 0.1% mom to 0.2% mom.

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The set of job data is rather solid. But at the time of writing. there is no apparent strength in Dollar yet.

Full release here.


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