US DATA: AHE Misses But Surprise Rise In Hours Worked More Than Compensate
May-02 12:43
- AHE sees a 'low' 0.2% M/M to add to the miss to consensus of 0.3% M/M, but the non-supervisory measure firmed after a weaker March.
- Further, the weakness in overall AHE should be more than offset by surprisingly firm weekly hours worked, beating expectations along with a second monthly upward revision.
Unrounded AHE figures:
Total AHE:
- M/M (SA): 0.167% in Apr from 0.279% in Mar (initial 0.251%) and 0.195% in Feb (initial 0.223%)
- Y/Y (SA): 3.77% in Apr from 3.836% in Mar
AHE Non-Supervisory:
- M/M (SA): 0.323% in Apr from 0.162% in Mar (initial 0.162%) and 0.357% in Feb (initial 0.357%)
- Y/Y (SA): 4.054% in Apr from 3.893% in Mar
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