Topic: Non-agricultural agriculture in April fell far short of expectationsdougpolkvideos, non-agricultural products were revised down in February and March 2dougpolkvideos.20,000 people
As the April non-farm payrolls report fell short of expectationsdougpolkvideos, U.S. Treasury yields fell and the U.S. dollar weakened. U.S. net job creation in April 17dougpolkvideos.5,000 were lower than the upward revision of 315,000 in March and lower than market expectations. Unemployment rose slightly to 3.9% from 3.8%. Weaker-than-expected data could exacerbate expectations that the Fed will cut interest rates soon. Treasury yields had begun to fall before the data was released, and the decline deepened after the data was released. The current yield on 10-year U.S. bonds is 4.469%, and the yield on 2-year bonds is 4.743%.