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| 1ISM Manufacturing PMIISM Manufacturing PMIIn April 2023, the ISM Manufacturing PMI in the United States improved to 47.1, rising from the previous month's three-year low of 46.3 and slightly surpassing the market consensus of 46.8. However, despite the increase, the latest reading indicated that economic activity in the manufacturing sector continued to contract for the sixth consecutive month. Factors such as higher borrowing costs and restricted credit availability affected business operations and heightened the risk of a recession this year. | 2Non Farm PayrollsNon Farm PayrollsIn April 2023, the US economy surprised analysts by adding 253,000 jobs, surpassing expectations of 180,000 and rebounding from a downwardly revised figure of 165,000 in March. Job growth was observed in various sectors, including professional and business services (43,000), health care (40,000) with a notable contribution from ambulatory services (24,000), leisure and hospitality (31,000) primarily in food services and drinking places (25,000), and social assistance (25,000). Additionally, employment increased in financial activities (23,000), government (23,000), and mining, quarrying, and oil and gas extraction (6,000). However, employment levels remained relatively unchanged in construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and other services. The April job gain substantially surpassed the range of 70,000 to 100,000 monthly jobs needed to accommodate the growth of the working-age population. Comparatively, it stood above the average monthly gain of 290,000 over the previous six months. Notably, the March figure was significantly revised downward from the initial estimate of 236,000 to 165,000. | 3 | 4 | ||||||
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May 8, 2022
How To Do Bitcoin Price Prediction? Bitcoin price prediction is crucial for the entire cryptocurrency industry, as the price trend of Bitcoin directly affects the trend […]
May 7, 2022
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May 6, 2022
The source code for Bitcoin is written in the programming language C++. It consists of several thousand lines of code organized into various files and directories. […]
May 5, 2022
There are several ways to buy Bitcoin, but the easiest and most convenient method for beginners is to use a cryptocurrency exchange, also knew as CEX. […]
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