U.S. payrolls rise more than expected, jobless rate falls
The wonder of statistics : it can show you anything even if it is not true at all
the numbers are not to be believed - and for some reason someone can't count, so have to be revised the next month
Sept 2011 - they announced 0 jobs for the month - and not even one job at MacDonalds that month
and the estimate was 78k
unsurprising the market sold off
only to be revised back up the next month to 57k
after that - knew the figures are manipulated
but must be nice dealing yourself a Royal Flush every NFP 
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy.
Nonfarm payrolls rose 165,000 last month and the jobless rate fell to a four-year low of 7.5 percent, the Labor Department said on Friday.
Payrolls rose by 138,000 jobs in March, 50,000 more than previously reported, and job growth for February was revised up by 64,000 to 332,000, the largest gain since May 2010.
Economists polled by Reuters had expected April payrolls to rise 145,000 and the unemployment rate to hold steady at 7.6 percent.
The drop in the jobless rate reflected a gain in employment, rather than people leaving the workforce. The workforce actually expanded, while the labor force participation rate - the share of working-age Americans who either have a job or are looking for one - held steady at a 34-year low of 63.3 percent.
read more ...