The 263,000 surge in payroll employment in April was much better than we had expected and kept the six-month trend above 200,000. Some of the details were less positive, with hours worked falling back and the household survey showing anther decline in employment. But even so, this report adds to signs that domestic demand growth has bounced back after a weak start to the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.