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US Nonfarm Payroll and Unemployment Rate: Difference between revisions
US Nonfarm Payroll and Unemployment Rate (view source)
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* Labor participation rate was 62.4%, in-line with 62.5% estimate. | * Labor participation rate was 62.4%, in-line with 62.5% estimate. | ||
* The job gains were led by Professional and business services(+43,000) followed by healthcare(+40,000) and then leisure and hospitality (31,000). | * The job gains were led by Professional and business services(+43,000) followed by healthcare(+40,000) and then leisure and hospitality (31,000). | ||
=== May === | |||
* The U.S economy added 339,000 jobs in May versus 195,000 estimate<ref name=":1">https://finance.yahoo.com/news/may-jobs-report-june-2-2023-123218296.html#:~:text=The%20May%20jobs%20report%20released,of%20Labor%20Statistics%20showed%20Friday.</ref>. | |||
* Unemployment rate rose 3.7% in the month versus 3.5% expected<ref name=":1" />. | |||
* Month-over-month, average hourly earnings rose 0.3% in-line with expectations<ref name=":1" />. | |||
* Yearly, average hourly earnings grew by 4.3% versus 4.4% expectated<ref name=":1" />. | |||
== References == | == References == | ||
<references /> | <references /> | ||