Posted on 06/06/2025 6:18:01 AM PDT by Old West Conservative
The U.S. economy added jobs in May at a slower pace than in the past two months as uncertainty over the direction of trade, tax and monetary policy caused employers to pull back on hiring.
The Labor Department on Friday reported that employers added 139,000 jobs in May. That figure was slightly above the estimate of economists polled by LSEG, who projected 130,000 jobs added – though it was cooler than the initial report of 177,000 jobs added in April or the 185,000 jobs gained in March.
The unemployment rate was 4.2%, unchanged from the past two months and in line with the LSEG estimate.
(Excerpt) Read more at foxbusiness.com ...
Unexpected. I’m in Europe, and it’s almost 4:00 PM, so I can have a drink in another hour or so.
Markets all up over 1% as of right now.
https://www.cnbc.com/2025/06/05/stock-market-today-live-updates.html
Updated Fri, Jun 6 2025 - 9:54 AM EDT
Dow rallies 500 points on strong U.S. jobs report, S&P 500 touches 6,000 level: Live updates
by Sean Conlon, Jesse Pound
Stocks jumped Friday after the latest nonfarm payrolls data came in better than expected, easing concern the economy faces an imminent slowdown.
The Dow Jones Industrial Average popped 510 points, or 1.2%. The S&P 500 also gained 1.2% — touching the 6,000 level for the first time since late February — and the Nasdaq Composite rallied 1.4%.
Oh no, we can’t have that!! It will ruin the credibility of Democrats that says Trump is pushing us into the Great Depression. 😀
Not in NYS we didn’t.
https://www.fingerlakes1.com/2025/06/05/unemployment-claims-new-york-june-2025/
But that’s not Trump’s fault.
The markets were up before the report was out.
Strong jobs means inflation remains dominant in the dual mandate. This report does not push the Fed towards a cut.
April CPI +2.4% M/M (annualized) and +2.3% pure Y/Y. Core CPI was +2.8% Y/Y.
CPI is out for May next Wednesday. Consensus forecast +2.4% (M/M, annualized), pure Y/Y 2.5%. Core forecast Y/Y 2.9%.
annualizing M/M is likely bogus, when you have the pure Y/Y provided. Regardless, expectations are increased inflation in the May report next week. Not huge . . . 2.9 vs 2.8% core. But the wrong direction if you want a Fed cut.
Forecasts above from https://tradingeconomics.com/calendar scroll to next Wed.
Of course the media will not be giving Trump credit.
It’s weak, not enough jobs to keep up with population growth which is around 250k/mo.
Need upwards of 150k each month to keep up with population growth.
Try again w your whataboutism false narrative.
The unemployment rate was unchanged.
Shaadup bitch
breakeven employment growth estimate of about 153,000
22,000 fewer government employees. A step in the right direction.
AZ Joe is the Tim Walz burner account, confirmed
It’s important to deal in truth.
Revisions showed a jobs market that was much weaker earlier this year than originally thought. Employers added a combined 95,000 fewer jobs in March and April than previously estimated. The revised April jobs number was 147,000, down from the 177,000 reported a month ago.
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