US BLS Annual Benchmark Revisions to Total Nonfarm Payrolls (to March 2025): -898k SA, -862k NSA (vs prelim estimate of -911k, exp. -600 to -900k)
The US BLS announced significant downward revisions to total nonfarm payrolls, with the latest adjustments reflecting a decrease of nearly 900k on a seasonally adjusted basis.
BMW (BMW GY) is recalling vehicles from several models globally, Bild reports citing KFZ; 575k vehicles worldwide are affected.
[MARKET UPDATE] USD/JPY sharply moves lower from 154.35 to 152.99 in a sharp move post the NFP rise, despite a lack of headlines; Note Japanese markets were closed overnight amid a domestic holiday
US BLS Annual Benchmark Revisions to Total Nonfarm Payrolls (to March 2025): -898k SA, -862k NSA (vs prelim estimate of -911k, exp. -600 to -900k)
UK government is reportedly considering a new Help to Buy scheme for first-time buyers, The Telegraph reports
German Foreign Minister says Central Asia needs to do more to follow the EU's sanction against Russia
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This is more severe than both the preliminary estimate and market expectations, indicating potential weaknesses in the labor market that could impact economic growth and monetary policy moving forward. Traders should be mindful of how this alters the outlook for unemployment and broader economic indicators, particularly in relation to upcoming Fed decisions.
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