The US Bureau of Labor Statistics raised the number of non farm payroll jobs added in March from 185000 to 214000, and in April from 115000 to 179000. After the revision, the total number of new jobs added in the two months increased by 93000 compared to before the revision.
AI interpretation: The upward revision of non farm employment data indicates the resilience of the US labor market, especially in the context of increasing economic uncertainty. The improvement of this data will enhance market confidence in economic recovery and may affect the Federal Reserve's monetary policy decisions, especially when interest rates remain high. Overall, the upward revision of the number of newly added jobs will further consolidate the strong performance of the job market, which may prompt the market to raise its expectations for future economic growth.
