April Non Farm Payrolls Show Better Than Average Gain For That Month

Actual, not seasonally adjusted (NSA), nonfarm payrolls rose by 1.15 million in April. This is better than April’s 10 year average gain of 898,000. It also beat the April 2012 gain of 994,000. The annual rate of change was +1.75%, slightly stronger than the the last two months, but right in line with the momentum of the past two years. Not seasonally adjusted data is typically not subject to material revision, unlike the headline, seasonally adjusted impressionistic data, which is revised 7 times over 5 years before finalization.

Non Farm Payrolls Continue To Gain At Steady Rate- Click to enlarge