“US Employment Data Surprises Experts, Markets React Strongly”

Investing.com – The key US employment data that markets have been anticipating for days is now out, giving an overview of the period ahead.

Employment data this time was higher than experts’ expectations, and higher than the previous month’s figures, which motivates the Fed to tighten monetary policy in the coming period because the economy is still strong.

On the other hand, the unemployment data also supports the Fed’s tightening in the coming period, as it violated expectations and rose less than the expectations of experts, and less than the levels of the previous month, which indicates that the pace of the unemployment rate is declining, which means that the economy is in good health, which will lead to the survival of inflation. about high levels.

It interacted with the employment data and turned upward now, while it deepened its losses to fall strongly now.

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For the month of April, while experts expected an addition of 180 thousand, while the previous reading was revised to record 165 instead of 236 thousand.

While 230 thousand jobs were added in April, and expectations indicated an addition of 160 thousand, while the March reading was revised to record 123 thousand instead of 189 thousand.

On the other hand, it increased by 3.4% in April. While expectations were for an increase of 3.6%, while the rate rose by 3.5%, compared to the previous reading.

It rose by 0.5% in April, while expectations were for a rise of 0.3%, as previously reported. As for Ali, it rose by 4.4%, while experts expected it to rise by 4.2%. However, the March reading was 4.3%.

markets now

It rose immediately after the data was released, rising 0.3% to 101.46 points.

While it fell by 1.6%, to 2022 dollars an ounce.

Spot contracts for gold fell by 1.75% to 2015 dollars an ounce.

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