US companies expanded payrolls at a sharply stronger pace in April, the Labor Department reports. Following a softer round of growth in March, nonfarm payrolls rose 236,000 last month—well up from the previous 179,000 gain. The pickup in growth pushed the one-year trend for private payrolls up to a robust 2.0% pace, a three-month high.
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Technology shares remain the top-performing sector in this year’s broad-based stock market rally, based on a set of exchange-traded funds. After stumbling in late-March, the tech sector rebounded in April and still leads the rest of the field by a healthy margin.
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Speaker Pelosi: Attorney General Barr ‘lied to Congress’: CNBC
OPEC collapase may be near, says Iran’s oil minister: Bloomberg
Moore withdraws from consideration to join Fed board: WSJ
Eurozone inflation edged up more than expected in April: Bloomberg
UK Services PMI ticks back to growth in April, just barely: Reuters
Cyclone Fani makes landfall in India: CNN
US worker productivity rebounded sharply in Q1: Bloomberg
Factory orders in US post largest increase since last August: Reuters
Job cuts in US fell 34% in April vs previous month: CG&C
US jobless claims held steady at low level last week but 1yr trend continued to rise: