Traders Pull Forward Fed Rate-Cut Bets on Soft Jobs Data

Health and Private Education Account for Over Half of Payroll Gains

Cooling Wage Gains Seen Tempering Key Inflation Gauge

Swaps Reflect Two Fed Rate Cuts Priced In for 2024

Traders Pull Forward First Fed Rate Cut to Sept., From Nov.

Health Care, Transportation, Warehousing Saw Most Gains in Jobs

Revisions From Prior Two Months Subtracted 22,000 From Payrolls

Equity Futures Spike

Treasury Yields Tumble

Wage Gains Less Than Expected

Unemployment Rate 3.9%; Est. 3.8%

US April Nonfarm Payrolls Rise 175k M/M; Est. +240k

Key Events

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