March Redux: April Unemployment Rate Unchanged & 428,000 Gain In Payrolls, Gold & Silver Left Alone

How will gold & silver move in price after the latest jobs report mulligan?

(by Half Dollar) The Employment Situation Report has just been released for the month of April, 2022.

According to the BLS, in the US, in April of 2022:

  • Total employment increased by 428,000
  • Unemployment rate was unchanged at 3.6%
  • Average hourly earnings rose by $0.10 per hour

Officially, the rise in employment in April follows a 430,000 job rise in March and the April unemployment rate was unchanged from March, so it’s kind of like a “do over”.

From the first paragraph of the report:

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing.

Gains in manufacturing, transportation and warehousing supposedly led the so-called “widespread” gains, so does that mean the supply chain disruptions will soon be a thing of the past, or does that mean something else?

Gold & silver have done a whole lot of nothing this week, including when this latest report hit the tape:

The trading day is not over, however, much less is the week.

Happy Mother’s Day in advance.

Will we see a gold & silver Mother’s Day Massacre?

Everybody knows ‘Ol Half Dollar’s call…