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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services