US Non-Farm Employment Change

June's gain of 57,000 jobs failed to meet economists' expectations, with payroll growth cooling after months of growth. Still, the labor market appeared to be on steady footing, with the unemployment rate sliding to 4.2%. But look under the hood of Thursday's jobs report, and there's some evidence that this remains a tough — or at least weird — labor market for job-seekers. Long-term unemployment — the measure of those who have been out of work at least 27 weeks as a share of the total number of jobless people — dipped a tad in June ...

The US job market stumbled in June and wasn’t quite as solid as previously believed over the prior two months. The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes with the September contract now down 10bps from the full hike pricing back on September 22nd. Payrolls increased by 57k in June which was close to my below-consensus 90k call and vastly weaker than some of the outliers to the high side. Details were weak. Breadth of hiring activity was poor (chart 1). The goods sector added just ...

The June US jobs report led with a softer-than-expected non-farm payroll growth number of 57,000 (consensus 113k) with 74,000 downward revisions to the past two months. The unemployment rate dipped to 4.2% from 4.3%, but this was primarily caused by a big drop in the participation rate to 61.5% from 61.8% – ie not a good reason since it highlights worker disengagement. In fact, the details show the number of people employed falling by half a million, while the number of people unemployed fell 213k, meaning more than 700k left the ...

A cooler reading on payrolls in June, which broke a three-month hot streak, is still likely to keep Federal Reserve officials' full attention on inflation and extend the interest rate pause, while preserving the hawks' case for potential rate hikes later this year. The US economy added 57,000 jobs in June, fewer than expectations for 113,000 and down sharply from May. The unemployment rate inched down to 4.2%, compared with 4.3% the previous month and expectations for it to hold steady. The strong payroll reports for April and May ...

The Bureau of Labor Statistics’ June jobs report, which will be released on Thursday at 8:30 a.m. ET, is expected to show that the recent trend of stable hiring continued for a fourth straight month, but that wage growth remains below inflation. The report is likely to show a gain of 115,000 jobs, the unemployment rate largely unchanged at 4.3% and average hourly wage growth of 3.5%, according to a survey of analysts and economists conducted by Dow Jones. The report is being issued on Thursday instead of its traditional Friday ...

The May jobs report is strong, with non-farm payrolls rising 172k versus the 88k consensus expectation, plus there were 93k upward revisions to the past two months’ data. Private payrolls are up 120k versus 89k expected, while government added 52k. Meanwhile, the unemployment rate remained at 4.3% and wage growth slowed to 3.4% from 3.6%. The breakdown shows that it is the usual three sectors of leisure & hospitality (+70k), government (+52k) and private education and healthcare services (+40K) that are generating the gains. That ...