This is the big mover of the day: Today’s US non-farm payrolls were unexpectedly much better than expected. US payrolls data for April showed a decline of 20,000 jobs after a revised 81,000 decline in March. Although this marks the fourth consecutive of job losses in the US, it was much better than the 80,000 job decline expected by the majority of the market. In another encouraging sign, the unemployment rate also surprised, falling to 5% in April from 5.1% in March, versus an expected 5.2%.

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This entry was posted on Sunday, May 4th, 2008 at 5:05 am and is filed under Forex Traders Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.