Are Fresh U.S. Jobs Numbers Bullish?


The U.S. Bureau of Labor Statistics fed retail investors and stock market quants a solid set of jobs number on Friday.
Total nonfarm payroll employment rose by +217,000 in May. The unemployment rate held at 6.3% in May, following a decline of -0.4% in April.

 The May civilian labor force participation rate did not change.  It stayed at 62.8%. This participation rate has shown no clear trend since October 2013.  But it is down by -0.6% over the last 12 months. 
Employment increased mostly in services.  Four services industries provided +158K jobs.
The gainers. 
Professional and business services (+55K),
Health care and social assistance (+55K),
Food services and drinking places (+32K), and
Transportation and warehousing (+16K)
There was little revisions to past months. After revisions, total nonfarm employment for March remained +203,000.  April was revised from +288,000 to +282,000. 
My RTI question:  After This Week’s Historic European Easing, Are Fresh U.S. Jobs Numbers Bullish?

Read the analyst report on MAN

Read the analyst report on AXEHY

Zacks Investment Research

View Comments (19)