Nonfarm payrolls fell by 20,000 in April, but less than the estimate of an 80,000 decline. The unemployment rate fell from 5.1% to 5.0%, lower than the forecast of 5.2%. Average hourly earnings rose 0.1% and are up 3.4% versus a year ago. Details from Bloomberg...
Factory orders jumped 1.4% in March, beating the estimate of 0.2%. More from Bloomberg...
