by Calculated Danger on 6/07/2024 08:30:00 AM
From the BLS:
Whole nonfarm payroll employment elevated by 272,000 in Could, and the unemployment price modified
little at 4.0 p.c, the U.S. Bureau of Labor Statistics reported immediately. Employment continued
to pattern up in a number of industries, led by well being care; authorities; leisure and hospitality; and
skilled, scientific, and technical providers.
…
The change in whole nonfarm payroll employment for March was revised down by 5,000, from +315,000
to +310,000, and the change for April was revised down by 10,000, from +175,000 to +165,000. With
these revisions, employment in March and April mixed is 15,000 decrease than beforehand reported.
emphasis added
Click on on graph for bigger picture.
The primary graph reveals the roles added per 30 days since January 2021.
Payrolls for March and April have been revised down 15 thousand, mixed.
The second graph reveals the year-over-year change in whole non-farm employment since 1968.
In Could, the year-over-year change was 2.76 million jobs. Employment was up solidly year-over-year.
The third graph reveals the employment inhabitants ratio and the participation price.
The Labor Pressure Participation Price decreased to 62.5% in Could, from 62.7% in April. That is the share of the working age inhabitants within the labor drive.
The Employment-Inhabitants ratio decreased to 60.1% from 60.2% (blue line).
I am going to publish the 25 to 54 age group employment-population ratio graph later.
The fourth graph reveals the unemployment price.
The unemployment price elevated to 4.0% in Could from 3.9% in April.
This was properly above consensus expectations; nonetheless, March and April payrolls have been revised down by 15,000 mixed.
I am going to have extra later …
