Research teams at Merrill Lynch said that the unemployment rate rose to a seasonally adjusted 5.1% in April, continuing the increasing trend that dates to July 2012. We view the increase as temporary and part of the soft patch in the economy in 1H. They expect unemployment to decline in thesecond half, but it will do so slowly, as we expect job creation in agriculture, construction and services to remain weak. – FXstreet.com (London)
