Are Fresh U.S. Jobs Numbers Bullish? - Real Time Insight


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The U.S. Bureau of Labor Statistics fed retail investors and stock market quants a solid set of jobs number on Friday.

Total nonfarm payroll employment rose by +217,000 in May. The unemployment rate held at 6.3% in May, following a decline of -0.4% in April.

The May civilian labor force participation rate did not change.  It stayed at 62.8%. This participation rate has shown no clear trend since October 2013.  But it is down by -0.6% over the last 12 months. 

Employment increased mostly in services.  Four services industries provided +158K jobs.

The gainers. 

Professional and business services (+55K),
Health care and social assistance (+55K),
Food services and drinking places (+32K), and
Transportation and warehousing (+16K)

There was little revisions to past months. After revisions, total nonfarm employment for March remained +203,000.  April was revised from +288,000 to +282,000. 

My RTI question:  After This Week's Historic European Easing, Are Fresh U.S. Jobs Numbers Bullish?

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