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home / news releases / SQLV - Softer April Jobs Growth Bulls And Doves Rejoice

SQLV - Softer April Jobs Growth Bulls And Doves Rejoice

Legg Mason Small-Cap Quality Value ETF

2024-05-03 10:21:26 ET

Summary

  • April nonfarm payrolls increased by 175,000, below estimates, and pulled forward rate-cut expectations.
  • Unemployment rate ticks up to 3.9% in April from 3.8% in March.
  • Average hourly earnings came in softer than expected, signaling a decline in wage gains and the potential for a cooling macro backdrop.
  • Stocks futures jumped and yield plunged, but key data remains on tap.

April nonfarm payrolls increased by 175,000, significantly lower than the 240,000 consensus and the biggest miss since December 2021, but it marks the 40 th straight month of employment growth. ...

For further details see:

Softer April Jobs Growth, Bulls And Doves Rejoice
Stock Information
Company Name: Legg Mason Small-Cap Quality Value ETF
Stock Symbol: SQLV
Market: NASDAQ
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