Non-farm employment in the USA was below expectations in April
While non-agricultural employment in the USA increased by 175 thousand people in April, below expectations, the unemployment rate increased from 3.8 percent to 3.9 percent.
The US Department of Labor announced the employment report for April.
Accordingly, employment in non-agricultural sectors in the country increased by 175 thousand people in April.
Non-agricultural employment data, which was below market expectations, was expected to increase by 240 thousand people.
The unemployment rate in the USA increased by 0.1 point to 3.9 percent in April.
The unemployment rate, which was above market expectations, was expected to be 3.8 percent in this period. The unemployment rate was 3.8 percent in March.
During the said period, the average weekly working hours increased to 34.3. Market expectation was that the average weekly working hours would be announced as 34.4.