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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
