May BLS Weak

BLS Employment Situation Report (June 2015)

– Nonfarm Payrolls month/month  223,000. Previous was 254,000
– Unemployment Rate  5.3%. Previous was 5.5%
– Private Payrolls – month/month change   223,000. Previous was 250,000
– Participation Rate 62.6%. Previous was  62.9%
– Average Hourly Earnings – month/month +0.0%. Previous was +0.2%
– Average Workweek – 34.5 hours. Previous was 34.5 hours.

Revisions to the two prior months cut 60,000 jobs making the net gain 163,000 jobs which is  weak.

 
Initial Jobless Claims (week ended 6/27/2015)

– New Claims seasonally adjusted 281,000. Previous was 271,000
– New Claims unadjusted, totaled 273,182 an increase of 9,983 previous
– 4-week Moving Average  274,750. Previous was 273,750

 
Factory Orders  (May 2015)

– Factory Orders month/month -1.0%. Previous was -0.7%.