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Koefoed: NFP back on track

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Mads Koefoed, Saxo Bank's Head of Macro Strategy, gave his live reaction to the latest nonfarm payroll data. The new 223K reading was a more positive number after the "shocking" March figure of 126K, which has now been revised down to 85K.  

The US unemployment rate has now moved down a notch to 5.4% after remaining unchanged at 5.5% last month. Hourly earnings in April rose 2.2% year-on-year.