Breaking: US Non-farm Payrolls rise by 390K in May versus 325K expected gain By FXstreetNews Breaking NFP UnitedStates Macroeconomics
for a gain of 325,000 jobs, though slightly lower versus April's 436,000 gain . The headline job gain was driven by a 333,000 gain in private sector employment, which was slightly above the 325,000 estimate. 18,000 of these were factory jobs, 59,000 of these goods-producing jobs, 36,000 of these construction jobs and 274,000 private service-producing jobs. Retail jobs fell by 60,700, while government jobs rose by 57,000. remained steady at 3.6% versus an expected drop to 3.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Employers Added 390,000 Jobs in MayThe U.S. economy added 390,000 jobs in May, extending a yearlong streak of strong gains. The jobless rate remained at 3.6%.
Read more »
U.S. job gains in May seen slowing to 13-month low of 328,000Wall Street expects the U.S. unemployment rate to drop to 3.5% from 3.6% and match the pre-pandemic low in 2020. If the rate falls below 3.4%, it would mark the smallest rate since 1953.
Read more »
Solid U.S. job growth anticipated in May; unemployment rate seen at 3.5%U.S. employment likely increased at a brisk clip in May, with the jobless rate expected to have dropped to its pre-pandemic low of 3.5%, signs of a tight labor market that could keep the Federal Reserve's foot on the pedal to cool demand.
Read more »
Forex Today: Markets turn cautious ahead of US May jobs reportHere is what you need to know on Friday, June 3: Following Wednesday's decisive rebound, the US Dollar Index lost its traction and erased a large port
Read more »
Treasury yields hold ground ahead of U.S. May jobs reportTreasury yields are little changed as investors await official May jobs data.
Read more »