Job growth slows and participation rate falls in M
Post# of 65628
Posted On: 06/03/2016 4:46:57 PM
Job growth slows and participation rate falls in May
Nonfarm payrolls rose only 38K, the slowest seasonally-adjusted pace since September 2010
Unemployment rate fell to 4.7% as the participation rate declined from 62.8% to 62.6%
Average weekly earnings continued to increase, but less so than last month
Weakness in payroll growth and the participation rate are not supportive of an immediate rate hike given the expected rise in economic uncertainty that may come from this report
http://www.fxstreet.com/analysis/job-growth-s...1606031739
Nonfarm payrolls rose only 38K, the slowest seasonally-adjusted pace since September 2010
Unemployment rate fell to 4.7% as the participation rate declined from 62.8% to 62.6%
Average weekly earnings continued to increase, but less so than last month
Weakness in payroll growth and the participation rate are not supportive of an immediate rate hike given the expected rise in economic uncertainty that may come from this report
http://www.fxstreet.com/analysis/job-growth-s...1606031739
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