US Non-Farm Employment Change Data Exceeded Expectations in April

The United States, the world's largest economy, released employment data for the month of April. According to the statements, non-farm employment in the USA increased by 428 thousand in April, a figure above the expectations of 380 thousand.

Non-farm employment data, which provides information on the economic course of the United States, is in an important position with the support it provides for market participants to make predictions for their future investments. According to the forecasts of expert economists, the change in non-farm employment was 380 thousand in April. The unemployment rate in the USA was stated as 3.6 percent in April. Average hourly wages are 0.3 percent compared to the previous month; compared to the same period of the previous year US Federal Reserve (FED) Chairman Jerome Powell made statements about the employment market in the country at the press conference he held after the interest rate decision in May. Stating that despite the decline in economic activity in the first quarter, household expenditures and business fixed investments continued to increase rapidly, Chairman Powell noted that the labor market continues to strengthen and is extremely tight. Pointing out that the supply of labor remained limited, Powell stated that employers had difficulty in filling vacant positions and that wages had increased the fastest in many years. Pointing out that inflation continues to stay well above the long-term 2 percent target, Fed Chairman Powell noted that supply shortages lasted longer than expected, and price pressures spread to a wider range of goods and services.