156k nonfarm jobs added, unemployment 4.7%.
Today’s fundamentals: BLS jobs report
BLS Employment Situation Report (May 2016) – Nonfarm Payrolls month/month seasonally adjusted 38,000. Previous revised from +16,000 to +123,000 – Unemployment Rate 4.7%. Previous was 5.0% – Private Payrolls month/month 25,000. Previous was 130,000 – Participation Rate 62.6%. Previous was 62.8% – Average Hourly Earnings month/month +0.2%. Previous was +0.4% – Average Workweek – All
A deep dive on today’s jobs report. We still have serious structural rather than cyclical issues.
Rates likely to continue higher this year with miscellaneous dips along the way.
A deep dive on the May jobs report released today.
Markets cheer mediocrity. Here’s a deep dive on April’s jobs numbers.
Rates are up after a nice dip for the past month. Here’s a recap of rates for the week, month and year.
The only good thing about a jobs report this bad: rates are near record lows again. Don’t sleep.
Lurking beneath this cold look at the numbers is this fact: the U.S. is no longer producing jobs for folks who do not have a college degree or recognized trade skills.