As we noted earlier this week, a Fed rate hike in less than two weeks' time was basically a "done deal" heading into today's Non-Farm Payrolls report (see"Sector showcase: The utility of utilities for handicapping the Fed" for more). When the jobs figures were released, at least a few traders had to reevaluate that outlook.
Total nonfarm payroll employment increased by 138,000 in May, and the unemployment rate was little changed at 4.3%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and mining.
The unemployment rate declined to 4.5% in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs. Household Survey Data The unemployment rate decreased by 0.2 percentage point to 4.5% in March, and the number of unemployed persons declined by 326,000 to 7.2 million. Both measures were down over the year.
Eight years ago last week, President Barack Obama gave investors a surprisingly hot trading tip. In office less than two months, he commented that we were at “the point where buying stocks is a potentially good deal if you’ve got a long-term perspective.”
Total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate was little changed at 4.7%, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in construction, private educational services, manufacturing, health care, and mining.