US April Seasonally Adjusted Nonfarm Payrolls and Unemployment Rate Data to be Released in Ten Minutes

On May 2, the United States will release the April seasonally adjusted non-farm payrolls, unemployment rate, and average hourly earnings month-on-month and year-on-year in ten minutes.

The U.S. Unemployment Rate refers to the percentage of unemployed individuals within the labor force over a certain period (the number of people willing to work but still without a job among the total employed population during a specific period). It aims to measure idle labor capacity and is a primary indicator reflecting the unemployment situation of a country or region. The unemployment rate is one of the most important economic indicators, significantly influenced by labor market supply and demand as well as economic cycles. The level of the unemployment rate also reflects the state of economic operation. Although considered a lagging indicator, the number of unemployed is an important signal of overall economic health, as consumer spending is highly correlated with employment market conditions. A rising unemployment rate indicates weakened consumption, which is unfavorable for economic development; a declining unemployment rate suggests economic improvement.

The non-farm payroll data reports changes in employment numbers in the U.S. non-agricultural sectors, excluding agricultural employment data.