13:30 Dados States
Enviado: 6/5/2005 13:298:30am 05/06/05 U.S. APRIL SERVICE-PRODUCING JOBS UP 229,000
8:30am 05/06/05 U.S. AVERAGE HOURLY WAGES UP 2.7% YEAR-OVER-YEAR
8:30am 05/06/05 U.S. FEB., MARCH PAYROLLS REVISED UP BY 93,000
8:30am 05/06/05 U.S. APRIL MANUFACTURING PAYROLLS FALL 6,000
8:30am 05/06/05 U.S. APRIL AGGREGAGE HOURS UP 0.9%
8:30am 05/06/05 U.S. APRIL AVERAGE WORKWEEK RISES TO 33.9
8:30am 05/06/05 U.S. APRIL AVERAGE HOURLY WAGES UP 0.3%
8:30am 05/06/05 U.S. APRIL UNEMPLOYMENT RATE REMAINS AT 5.2%
8:30am 05/06/05 US APRIL NONFARM PAYROLLS UP 274,000 V 194,000 EXPECTED
ECONOMIC REPORT: U.S. nonfarm payrolls up 274,000
By Rex Nutting, MarketWatch
Last Update: 8:31 AM ET May 6, 2005
WASHINGTON (MarketWatch) - The labor market strengthened in April, as the U.S. economy gained a larger-than-expected 274,000 jobs, the Labor Department reported Friday.
The unemployment rate remained at 5.2%, while average hourly wages rose by 5 cents to $16, or 0.3%. Hourly wages are up 2.7% in the past year
The average workweek increased by two-tenths of an hour to 33.9 hours, the highest since July 2001. Total hours worked in the economy increased by 0.9%.
The report was much stronger than anticipated on Wall Street. Economists surveyed by MarketWatch were looking for payroll gains of about 194,000. Other surveys were looking for around 175,000 jobs, and so-called whisper numbers that circulate on trading floors were rumoring numbers closer to 100,000.
The strong payroll figures should dispel some of the fears that the U.S. economy has flattened as spring arrived. Economic growth did slow in the first quarter to 3.1%, close to the long term trend.
Other early data for April have been mixed, with tepid chain store sales, stronger auto sales and solid manufacturing sentiment numbers.
On Tuesday, the Federal Open Market Committee raised its short-term borrowing rate by a quarter percentage point to 3%, citing good prospects for the U.S. economy, contained inflationary expectations and a labor market that was "gradually" improving.
March payrolls were revised higher to 146,000 from 110,000 previously. In all, payrolls were revised up by 93,000 in February and March. Payrolls increased by 300,000 in February.
Payroll employment totaled 133.3 million in April.
Job growth was widespread through the economy, according to a survey of some 400,000 business establishments. In April, 61.3% of 278 industries were adding to payrolls. Over the past 12 months, 65.1% of industries have been hiring.
Goods-producing industries added 45,000 jobs, with 47,000 in construction. Manufacturing lost 6,000, the ninth decline in the past 12 months.
Among 84 manufacturing industries, 50% were hiring in April. The factory workweek increased by a tenth of an hour to 40.5 hours. Overtime was unchanged at 4.5 hours.
Service-producing industries added 229,000 jobs. Leisure and hospitality industries added 58,000, most in food services. Retail added 24,000.
Health and education services continued strong hiring, adding 35,000. Professional and business services added 36,000, including 10,500 temporary help jobs.
In a separate survey of 60,000 households, the Labor Department found that employment increased by 598,000, while unemployment rose by 7,000 and 400,000 dropped out of the workforce.
Employment totaled 141.1 million, while unemployment totaled 7.67 million.
For the 31st month in a row, more than 20% unemployed had been out of work longer than six months.
8:30am 05/06/05 U.S. AVERAGE HOURLY WAGES UP 2.7% YEAR-OVER-YEAR
8:30am 05/06/05 U.S. FEB., MARCH PAYROLLS REVISED UP BY 93,000
8:30am 05/06/05 U.S. APRIL MANUFACTURING PAYROLLS FALL 6,000
8:30am 05/06/05 U.S. APRIL AGGREGAGE HOURS UP 0.9%
8:30am 05/06/05 U.S. APRIL AVERAGE WORKWEEK RISES TO 33.9
8:30am 05/06/05 U.S. APRIL AVERAGE HOURLY WAGES UP 0.3%
8:30am 05/06/05 U.S. APRIL UNEMPLOYMENT RATE REMAINS AT 5.2%
8:30am 05/06/05 US APRIL NONFARM PAYROLLS UP 274,000 V 194,000 EXPECTED
ECONOMIC REPORT: U.S. nonfarm payrolls up 274,000
By Rex Nutting, MarketWatch
Last Update: 8:31 AM ET May 6, 2005
WASHINGTON (MarketWatch) - The labor market strengthened in April, as the U.S. economy gained a larger-than-expected 274,000 jobs, the Labor Department reported Friday.
The unemployment rate remained at 5.2%, while average hourly wages rose by 5 cents to $16, or 0.3%. Hourly wages are up 2.7% in the past year
The average workweek increased by two-tenths of an hour to 33.9 hours, the highest since July 2001. Total hours worked in the economy increased by 0.9%.
The report was much stronger than anticipated on Wall Street. Economists surveyed by MarketWatch were looking for payroll gains of about 194,000. Other surveys were looking for around 175,000 jobs, and so-called whisper numbers that circulate on trading floors were rumoring numbers closer to 100,000.
The strong payroll figures should dispel some of the fears that the U.S. economy has flattened as spring arrived. Economic growth did slow in the first quarter to 3.1%, close to the long term trend.
Other early data for April have been mixed, with tepid chain store sales, stronger auto sales and solid manufacturing sentiment numbers.
On Tuesday, the Federal Open Market Committee raised its short-term borrowing rate by a quarter percentage point to 3%, citing good prospects for the U.S. economy, contained inflationary expectations and a labor market that was "gradually" improving.
March payrolls were revised higher to 146,000 from 110,000 previously. In all, payrolls were revised up by 93,000 in February and March. Payrolls increased by 300,000 in February.
Payroll employment totaled 133.3 million in April.
Job growth was widespread through the economy, according to a survey of some 400,000 business establishments. In April, 61.3% of 278 industries were adding to payrolls. Over the past 12 months, 65.1% of industries have been hiring.
Goods-producing industries added 45,000 jobs, with 47,000 in construction. Manufacturing lost 6,000, the ninth decline in the past 12 months.
Among 84 manufacturing industries, 50% were hiring in April. The factory workweek increased by a tenth of an hour to 40.5 hours. Overtime was unchanged at 4.5 hours.
Service-producing industries added 229,000 jobs. Leisure and hospitality industries added 58,000, most in food services. Retail added 24,000.
Health and education services continued strong hiring, adding 35,000. Professional and business services added 36,000, including 10,500 temporary help jobs.
In a separate survey of 60,000 households, the Labor Department found that employment increased by 598,000, while unemployment rose by 7,000 and 400,000 dropped out of the workforce.
Employment totaled 141.1 million, while unemployment totaled 7.67 million.
For the 31st month in a row, more than 20% unemployed had been out of work longer than six months.