Non-Farm Employment Figures for February and March Revised Down by 16,000
On May 8, the U.S. Bureau of Labor Statistics reported that the total non-farm employment for February was revised down by 23,000, from -133,000 to -156,000. Meanwhile, the data for March was revised up by 7,000, from +178,000 to +185,000. After these adjustments, the combined employment figures for February and March decreased by 16,000 compared to previously published data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. existing home sales fall to a 16-year low as high interest rates and inflation continue to suppress housing demand
In October, U.S. existing home sales declined by 5.5% month-on-month, with the annualized rate dropping to 3.75 million units, the lowest since 2010. In the Western region, sales fell to the lowest level since record-keeping began in 1999. Mortgage rates above 7% and persistently high inflation are the main reasons for this downturn. Meanwhile, existing home inventory for sale in October rose to the peak level seen in the same period of 2019, and price momentum has significantly weakened. According to the NAR chief, once interest rates turn around, suppressed homebuying demand could erupt all at once.
Crypto prices
More
