BLS Mediocre Again
BLS Employment Situation Report (May 2013)
– Nonfarm Payrolls Month/Month +175,000.
– April revised from +165,000 to +149,000.
– March revised from +138,000 to +142,000 making net gain from previous report 163,000
– Unemployment Rate 7.6%. Previous was 7.5%
– Average Hourly Earnings Month/Month +0.0%. Previous was +0.2%
– Average Workweek 34.5 hrs. Previous was 34.5 hours
– Private Payrolls Month/Month 178,000. Previous was +176,000.
More shortly on rate reaction and a deeper dive into the May jobs data…