Growth Above Forecast, UNEMPLOYMENT Steady – ryan

The US Added 139,000 Jobs in May, More than Expect, and the UNEmployment Rate Didn’t Budge.

Economists PREDICTED JOB Growth of 126,000 and for UNEmployment to Remain at 4.2%. This is the Third Straight Month of a 4.2% Rate and the 13th Straight Month at or Above 4%.

April’s Job Growth was Revised From 177,000 to 147,000, and March’s Growth Was Revised From 185,000 to 120,000. That means that there are 95,000 fewer jobs created over two months than bls previously reported.

Wage Growth Continueed ITS CONSISTENT YEAR-Over-Eyar Growth of 3.9% in May. Average hourly earnings increted from $ 34.89 a year ago to $ 36.24. MONTH-Over-Wage Wage Growth Was also Slightly Better than Expect.

Labor Force Participation Cooled From 62.6% in April to 62.4% in May.

Healthcare and Leisure and Hospitality Had High Job Growth Over the Month Compared to Other Industries. Employment Fell by 8,000 in Manufacturing and by 18,000 in Professional and Business Services. There are more cuts to the federal government; Employment fell by 22,000 in May, more than the decline in the past few months.

The New Data Release from the Bureau of Labor Statistics is just one of Several Recents Illustrating the Much-Watched US Labor Market. The Federal Reserve’s Beige Book Showed That Some Businesses Areing Hiring Due to Economic Uncetainty. Separately, The National Federation of Independent Business Showed Small Business Optimism Has Continued to Weaken. While insured uniemployment Claims are Still Low, They CLIMBED IN May.

The back and forth on tariffs, including a 90-day pause with china and higher douties on steel and aluminum, is adding to Business Decisions. Cuts and Deferred Resignations with Federal Government Agencies Could Mean Job Seekers Turn to the Private Sector or Leave the Labor Force.

“Tariffs, fining cuts, consumer spending, and overall economic pessimism are putting intense on companies’ workforces,” Andrew Challenger, Senior Vice President of the Outplacement Firm Challenger, Gray & Christmas, Said in a report Before Friday’s News Release. “Companies Are Spending Less, Slowing Hiring, and Sending Layoff Notices.”

President Donald Trump Has Argted Tariffs Will Help the US Economy, Despite Some Short-Term Pain for Businesses and Consumers.

“It Shows US That President Trump’s Economy is Working. For the Third Month Now, We’ve Beat Job Expectations,” Deputy Secretary of Labor Keith Told Bi. He Said that May’s Jobs Beat Showed the Administration’s Focus on “Putting the American Worker First for Jobs” is working. “We’re Very Excited About The Numbers and The Way President Trump’s Economy is Going.”

CME FEDWATCH SHOWED BASED ON MARKET TRADES AN Overwhelming the Federal Reserve Will Decide to Hold Interest Rates at the Next Federal Open Market Mid-June. Like Business Owners, The Fed is Hoping for More Clarity on the Evolving Economy.