Comments on May Employment Report

The headline jobs number at 223,000 for May was above consensus expectations of 185 thousand, and the previously two months were revised up by a combined 15 thousand. Overall this was a strong report. Earlier: May Employment Report: 223,000 Jobs Added, 3.8% Unemployment Rate In May, the year-over-year employment change was 2.363 million jobs. This is solid year-over-year growth. Average Hourly Earnings Wage growth was about as expected in May. From the BLS: " In May, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $26.92. Over the year, average hourly......(read more)

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