Better than expected April jobs report

April Nonfarm Payrolls: -539,000

March Nonfarm Payrolls revision: -699,000 from -663,000

February Nonfarm Payrolls revision: -681,000 from -651,000

Unemployment Rate: 8.9% (highest since September 1983)


The headline number may be a little misleading in that it includes a net gain in government payrolls of 72,000, due in part to the hiring of census workers.

At any rate, it appears that job losses have bottomed.
 
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