The report issued by the United States Bureau of Labor Statistics, moments ago, showed that 253 thousand jobs were added in April, compared to the addition of 165 thousand jobs in the revised March reading, to come better than market expectations that indicated the creation of jobs estimated at 181 thousand jobs.

On the other hand, the unemployment rate declined to 3.4% from 3.5%, better than expected, coinciding with the stability of the labor force participation rate to 62.6%.

Average hourly earnings rose in April to 0.3% from 0.5% on a monthly basis, while it rose to 4.4% on an annual basis compared to 4.2% in March.

In the details of the sectors, the commodity production sector lost about 33,000 jobs, while the construction sector added 15,000 jobs, and the manufacturing sector added about 11,000 jobs, and the services sector added about 197,000 jobs.