Friday, May 2, 2025

US Job Growth Exceeds Expectations

The U.S. economy added 177,000 jobs in April 2025, a slowdown from the downwardly revised 185,000 in March, but significantly surpassing market expectations of 130,000.

This figure aligns closely with the average monthly gain of 152,000 over the past 12 months, despite growing uncertainty surrounding President Donald Trump's aggressive tariff policies. 

Job growth was primarily seen in sectors such as health care (+51,000), transportation and warehousing (+29,000), financial activities (+14,000), and social assistance (+8,000), while federal government employment experienced a decline (-9,000). 

source: U.S. Bureau of Labor Statistics

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Copper Update

Copper futures hovered below $4.40 per pound on Friday and were on track for a weekly drop of around 24%, pressured by a surprise US tariff ...