Non-Farm Payrolls (Apr) Actual -539k, Expected -590k, Previous -663k
Unemployment Rate (Mar) Actual 8.9%, Expected 8.9%, Previous 8.5%

Release Explanation: A statistic researched,
recorded and reported by the U.S. Bureau of Labor Statistics intended
to represent the total number of paid U.S. workers of any business. The
report excludes the following employees:
The NFP impacts the
Market with huge volatility because of the constant revisions to the
previous reporting periods. The accompanying Employment % number tends
to be much more reliable in its monthly report. The Average Hourly
Earnings will add to, or contain the impact of the number of jobs
created. These 3 components go to make for explosive NFP Fridays.
of the Interest Rate Statement, this is the most important guide for
US$ Traders planning for the weeks and months ahead as the Labor Market
will indicate the potential strength of future economic growth. A
strong economy usually equates to a strong currency,“
Trade Team said. Trade Desk Thoughts: 
Nonfarm payroll employment continued to fall sharply in April and the
unemployment rate rose from 8.5% to 8.9%, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. However, the
numbers were better than what the market was expecting.
is considered to be a lagging indicator, Trade Team
said. The general consensus is that employment will weaken even after
the economy starts to recover, which is what happened after the 2001
recession ended. The numbers today fit in with what's been happening
recently with the data; the rate of decline is slowing.
over 5.7 million jobs have been lost since the start of the recession
in December 2007, with well over half of the decrease occurring in the
last 6 months and with over two million of those losses occurring in
the last three months. March was revised to show a steeper loss of
699,000 jobs. The unemployment rate rose to 8.9%, the highest since
September 1983.
Average hourly earnings increased a modest
$0.01, or 0.1%, to $18.52. That was up just 3.2% from one year ago, a
sign that inflation isn't a threat.
Hiring last month in
goods-producing industries fell by 207,000. Within this group,
manufacturing firms cut 149,000 jobs. Construction employment was down
110,000 last month.
Service-sector employment plunged 269,000.
Business and professional services companies shed 122,000 jobs, the
sixth-straight six-figure loss.
Retail trade cut 47,000 jobs,
while leisure and hospitality businesses added 15,000, being the first
rise in the last few months. The government added 72,000 jobs last
month, giving a big push forward for the NFP numbers. Additional
support came from the death/birth model, which added more than +200K

Forex Technical Reaction: S&P futures
rose initially, but then dropped 4 points lower. In the currency
market, the dollar weakened after the releases against the euro and the