US economy adds 244k jobs in April
In April 2011, non-farm payroll in the US increased by 244k. Private employment is up strongly. The unemployment rate disappointed.
Wage moderation seems to have come to an end, with private wage increasing by 2.1% (stable since January).
An unemployment rate up and still very high gives more argument to the Fed for maintaining its current policy stance.
On the economic side, a strong increase in employment together with a stable wage growth is good news for income and consequently consumption.
Forex: After the publication, the EUR/USD and the GBP/USD are up with some volatility (USD depreciates).
Commodities: gold is up at 1490 $/oz. WTI oil price is also up and close to 100 $/b.