As is typically the case, the first Friday of the month brings markets, and economists, their latest look at the health of the US labour market, with the April employment report set to round out another packed week of event risk for financial markets. After a solid report in March, the April figures should again point to the labour market remaining tight, with a strong pace of job growth, set to again be coupled with cooling earnings pressures, and historically low unemployment. Headline nonfarm payrolls are set to have risen +250k last month, somewhat below the +303k pace seen in March, while also being modestly ... (full story)