By coinnews 
00:00 Speaker A
Those numbers coming in right now. So 177,000 jobs over the course of the month added. That is above the survey data showing 138,000 jobs added here. Taking a look at the unemployment rate, that is being in line, the expectation 4.2% coming in, just in line with that at 4.2%. Unemployment, the underemployment rate here coming in at 7.8%, just a tick below the prior month. So that’s interesting to monitor here. Average hourly earnings month over month at 0.2%, that’s just below the survey of 0.3%. Average hourly earnings year over year coming in, also just a tick below the survey of 3.9%, that number coming in at 3.8% here. Really interesting. I just want to reiterate that headline number. The actual number, a huge beat coming in at 177,000. The estimate there, 138,000. Interesting when you look kind of across the data here. The only thing that, I don’t even want to say surprise to the downside, because it’s such a small move to the downside, but that average hourly earnings month over month and year over year, just a tick below the survey data.
02:01 Speaker B
Yeah, just a little bit more color on the different sectors here within the data. Employment continued to trend up in healthcare, transportation and warehousing, and financial activities and social assistance. Uh, federal government employment did decline here. And I did a quick command F, control F for your Mac, or command F for your Mac users out there, but for the Microsoft users, it is control F. But federal government employment declining here, that kind of coming in line with what we had seen in some of the Challenger, Gray, and Christmas data earlier this week, where there was more of a read through trying to annex or trying to get a sense of how much of the Department of Government efficiency, position eliminations were really going to start to show up in some of this data here. We had seen that earlier in the Challenger, Gray, and Christmas layoff data this week. And then additionally now flowing into this employment situation report as well. And so looking through the federal government employment that declined by 9,000 in April, it’s down by 26,000 since in January. And employees on paid leave or receiving ongoing severance pay are counted as well as employed in the establishment survey, we should note.