May Employment Preview

On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus, according to Bloomberg , is for an increase of 185,000 non-farm payroll jobs in May (with a range of estimates between 140,000 to 231,000), and for the unemployment rate to be unchanged at 4.4%. The BLS reported 211,000 jobs added in April. Here is a summary of recent data: • The ADP employment report showed an increase of 253,000 private sector payroll jobs in May. This was well above expectations of 170,000 private sector payroll jobs added. The ADP report hasn't been very useful in......(read more)

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