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  • The US Employment Situation -- May 2024

    From bls.gov

    Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about ... (full story)

Added at 8:40am

  • Jobs report today: Economy added booming 272,000 jobs in May, unemployment at 4%

    From usatoday.com

    Hiring accelerated in May as employers added a robust 272,000 jobs despite stubborn inflation, high interest rates and intensifying household financial strains The unemployment rate rose from 3.9% to 4%, highest since January 2022, the Labor Department said Friday. Economists had estimated that 185,000 jobs were added last month, according to a Bloomberg survey. Several crosscurrents were poised to affect May’s payroll totals. Heavy rains crimped hiring in April and a return to more typical weather patterns last month likely provided a modest boost, says economist Ryan Sweet of Oxford Economics. Another positive: ... (full story)

  • #1
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  • Jun 7, 2024 8:32am Jun 7, 2024 8:32am
not strong improvement and bad unemployment
price manipulation more
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  • #2
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  • Jun 7, 2024 8:33am Jun 7, 2024 8:33am
Quoting hesron
not strong improvement
Whaaat? ig these numbers are correct they are well above expectations. Though I havent looked at the details. Devil may be there somewhere (;
  • #3
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  • Jun 7, 2024 8:36am Jun 7, 2024 8:36am
no rate cut in near future
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #4
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  • Jun 7, 2024 8:37am Jun 7, 2024 8:37am
  •  Trader#383A
  • | Status: Unregistered Trader
Quoting Banditten
{quote} Whaaat? ig these numbers are correct they are well above expectations. Though I havent looked at the details. Devil may be there somewhere (;
Gov't is biggest jump again, 43,000
Household survey report declined 408,000 in may . Labor force declined 250,000
  • #5
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  • Edited 8:50am Jun 7, 2024 8:37am | Edited 8:50am
USD reaction will reverse soon due to labor is being small gradually and unemployment is increased although hourly rate slightly increased
  • #6
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  • Jun 7, 2024 8:40am Jun 7, 2024 8:40am
Whose out here cooking the numbers?
The solution is (x).
  • #7
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  • Jun 7, 2024 8:41am Jun 7, 2024 8:41am
Quoting Banditten
{quote} Whaaat? ig these numbers are correct they are well above expectations. Though I havent looked at the details. Devil may be there somewhere (;
see volume trade now ..... retail market
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  • #8
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  • Jun 7, 2024 8:41am Jun 7, 2024 8:41am
Quoting Ftmofx
USD reaction will reverse soon due to labor is being small and unemployment is increased although hourly rate slightly increased
Remember what i said about the ADP. too unreliable.

This confirms atleast no cut until september. you should start to see USD make another yearly high due to divergence from other CB
  • #9
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  • Jun 7, 2024 8:42am Jun 7, 2024 8:42am
Quoting hesron
not strong improvement and bad unemployment price manipulation more
When he was buying USD and it went down, the price was manipulated. Now he is selling USD and price is manipulated.
  • #10
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  • Jun 7, 2024 8:43am Jun 7, 2024 8:43am
Very strong.

Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability.

Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities.

Government increased employment by 43,000, maintaining a positive trend.

Professional, Scientific, and Technical Services gained 32,000 jobs, indicating robust demand for skilled labor in specialized fields such as management, consulting, and technical services.


Department Stores and Furniture Retailers job losses of 5,000 and 4,000 respectively, highlighting ongoing challenges in the retail sector.

Manufacturing showed little to no change in employment, indicating stagnation in this critical sector.

There are 4.4 million people employed part-time for economic reasons, a figure that has not improved. These individuals prefer full-time employment but are working part-time due to insufficient hours or inability to find full-time jobs, indicating underemployment issues.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #11
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  • Jun 7, 2024 8:47am Jun 7, 2024 8:47am
How is it possible, there is an increase in labor data while unemployment data increases
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  • #12
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  • Jun 7, 2024 8:48am Jun 7, 2024 8:48am
Stagflation confirmed
  • #13
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  • Jun 7, 2024 8:49am Jun 7, 2024 8:49am
fake data more
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  • #14
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  • Jun 7, 2024 8:51am Jun 7, 2024 8:51am
Look to UJ..... The greatest P...m...i....mp of the wolrd UEDAand his team prepared a good base now for Yujo's whom are ready for new American Customers. Small holes are ready for invasion of Big American d......ks......
  • #15
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  • Jun 7, 2024 8:52am Jun 7, 2024 8:52am
These numbers are politically motivated and racist
  • #16
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  • Jun 7, 2024 8:54am Jun 7, 2024 8:54am
Quoting atillaken
Look to UJ..... The greatest P...m...i....mp of the wolrd UEDAand his team prepared a good base now for Yujo's whom are ready for new American Customers. Small holes are ready for invasion of Big American d......ks......
UJ to 165's
  • #17
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  • Jun 7, 2024 8:54am Jun 7, 2024 8:54am
price manipulation has coming from 2024.06.07 11:00 today .... buy with rumor
because the retail market hopes that labor data will really improve.... and it turns out that the labor data that appears now is running away from the retail market's expectations
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  • #18
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  • Jun 7, 2024 9:00am Jun 7, 2024 9:00am
We could then witness how far they could still push themselves to their new limits
Binds move with curiousity, may the risk rebates
  • #19
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  • Jun 7, 2024 9:00am Jun 7, 2024 9:00am
Quoting hesron
How is it possible, there is an increase in labor data while unemployment data increases
The unemployment rate increases because you have more people willing to work, which did not find a job yet, but at the same time firms’ labor demand increases as seen by the non-farm employment change. Labor supply and labor demand increased simultaneously. This is not a fake move, it is just very bullish for USD and shows the resilience of the US labor market.
  • #20
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  • Jun 7, 2024 9:02am Jun 7, 2024 9:02am
Quoting Yazatha
{quote} The unemployment rate increases because you have more people willing to work, which did not find a job yet, but at the same time firms’ labor demand increases as seen by the non-farm employment change. Labor supply and labor demand increased simultaneously. This is not a fake move, it is just very bullish for USD and shows the resilience of the US labor market.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #21
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  • Jun 7, 2024 9:02am Jun 7, 2024 9:02am
fake
Say something meaningful or Silence!!
  • #22
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  • Jun 7, 2024 9:04am Jun 7, 2024 9:04am
this friday .... time to price manipulation .... do not trade more
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  • #23
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  • Jun 7, 2024 9:09am Jun 7, 2024 9:09am
Bulls stop crying and accept that you got bamboozled.
  • #24
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  • Jun 7, 2024 9:11am Jun 7, 2024 9:11am
Manipulation or not, trade your plan and take ownership for your own trading actions... As for me, I am staying out until a clear trend develops, there has been too much indecision at these levels in the equities markets..
  • #25
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  • Jun 7, 2024 9:13am Jun 7, 2024 9:13am
Inserted Video
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  • #26
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  • Jun 7, 2024 9:16am Jun 7, 2024 9:16am
Quoting rehmatkhan00
Bulls stop crying and accept that you got bamboozled.
bears retail market can not doing buying more because liquidity has reach target
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  • #27
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  • Jun 7, 2024 9:16am Jun 7, 2024 9:16am
Witness US Treasury rates up hard across the board. The Fed has not been restrictive enough and the bond vigilantes will let them know. JPow especially has grown quite dovish and we'll see if he changes that tone next Wednesday. Tuesday CPI will be watched with dread and hope. Buckle up for a June swoon but the AI bull market, where NVDA et al stocks will be bought at any cost, may not care.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #28
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  • Jun 7, 2024 9:16am Jun 7, 2024 9:16am
Now confusion Neutral USD will bull over corrected Gold
  • #29
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  • Jun 7, 2024 9:19am Jun 7, 2024 9:19am
I'm just laughing :d
  • #30
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  • Jun 7, 2024 9:25am Jun 7, 2024 9:25am
Quoting Yazatha
{quote} The unemployment rate increases because you have more people willing to work, which did not find a job yet, but at the same time firms’ labor demand increases as seen by the non-farm employment change. Labor supply and labor demand increased simultaneously. This is not a fake move, it is just very bullish for USD and shows the resilience of the US labor market.
^well stated.

I learned long ago that Hesron's posts are irrelevant because 90% of their first thread posts are "fake news".

With no basis for the statement, nor understanding of the press release, commentary like that (from any participant) has to be discounted.

EventsTrader does a wonderful job of breaking down the actual data for us. Even that doesn't seem to register with some folks.

I think I am going to give up trying to help dissuade the masses from being affected by such comments though, it is just too much work

I suppose that is what makes a market though. Happy trading and have great weekend to everyone! CPI and FOMC next week = next stop for craziness!
  • #31
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  • Jun 7, 2024 9:28am Jun 7, 2024 9:28am
Inserted Video
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  • #32
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  • Jun 7, 2024 9:29am Jun 7, 2024 9:29am
Quoting fxx360
These numbers are politically motivated and racist
Haha, yeah. Democrats get to tout more jobs added....Republicans get to bash Dems for higher unemployment. Win win for everyone.
  • #33
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  • Jun 7, 2024 9:29am Jun 7, 2024 9:29am
Quoting Momofrmnyc
Whose out here cooking the numbers?
I think the number adding a signifact amount of jobs is going to see past the slighly higher unemployment figure to be honest
  • #34
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  • Jun 7, 2024 9:31am Jun 7, 2024 9:31am
Quoting ffghost
{quote} ^well stated. I learned long ago that Hesron's posts are irrelevant because 90% of their first thread posts are "fake news". With no basis for the statement, nor understanding of the press release, commentary like that (from any participant) has to be discounted. EventsTrader does a wonderful job of breaking down the actual data for us. Even that doesn't seem to register with some folks. I think I am going to give up trying to help dissuade the masses from being affected by such comments though, it is just too much work ...
Attached Image (click to enlarge)
Click to Enlarge Name: retail sentiment qtc90.png Size: 32 KB
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  • #35
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  • Jun 7, 2024 9:34am Jun 7, 2024 9:34am
Fed should hike rate
  • #36
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  • Jun 7, 2024 9:36am Jun 7, 2024 9:36am
Quoting ffghost
CPI and FOMC next week = next stop for craziness!
Huge week coming up!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #37
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  • Jun 7, 2024 9:54am Jun 7, 2024 9:54am
We were gonna interview some Russel 2000 dip buyers to understand how they ended up spiraling into this but they were not available so we gave up on them.
Invest in alarm clocks
  • #38
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  • Jun 7, 2024 10:18am Jun 7, 2024 10:18am
Quoting EventsTrader
Very strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability. Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities. Government increased employment by 43,000, maintaining a positive trend. ...
Thanks for all the detail, help us all very much.
  • #39
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  • Jun 7, 2024 10:22am Jun 7, 2024 10:22am
Quoting hesron
{quote} {image}
4% unemployment is still very low.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1350.jpeg Size: 123 KB
  • #40
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  • Jun 7, 2024 10:24am Jun 7, 2024 10:24am
  •  Trader#67E3
  • | Status: Unregistered Trader
In hindsight that was real rocket science for the ECB to cut rates yesterday.

"The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It will keep policy rates sufficiently restrictive for as long as necessary to achieve this aim."
  • #41
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  • Edited 11:13am Jun 7, 2024 10:54am | Edited 11:13am
Quoting Yazatha
{quote} 4% unemployment is still very low. {image}
It was actually lower than the data might suggest, 0.02% from being reported as unchanged. The rate was 3.96% calculated to two decimals.

It's historically very low.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
We must learn who is gold, and who is gold plated
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  • #42
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  • Jun 7, 2024 11:07am Jun 7, 2024 11:07am
Quoting Yazatha
{quote} 4% unemployment is still very low. {image}
that's why the data presented is data manipulation.....don't be too innocent....news can be purchased according to the interests and needs of 3rd parties
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  • #43
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  • Jun 7, 2024 11:34am Jun 7, 2024 11:34am
Quoting hesron
{quote} that's why the data presented is data manipulation.....don't be too innocent....news can be purchased according to the interests and needs of 3rd parties
mArkets don’t care mate. Sling your hook.
  • #44
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  • Jun 7, 2024 12:57pm Jun 7, 2024 12:57pm
Quoting EventsTrader
Very strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability. Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities. Government increased employment by 43,000, maintaining a positive trend. ...
Strong my a..., look debt clock online.
  • #45
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  • Jun 7, 2024 2:37pm Jun 7, 2024 2:37pm
Quoting Vancarbon
{quote} It’ll be the fiscal deficit that’ll bring this market back to reality.
NOBODY in politics, blue, red, green, or whatever, nor any politicized CB will have the stones to do what needs to be done. Nobody at JPow's Country Club will care if the deficit keeps getting kicked down the road. But, if the stock market crashes 30%, he'll get the stink eye in the locker room after squash.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #46
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  • Jun 7, 2024 3:04pm Jun 7, 2024 3:04pm
Quoting ww3361
{quote} mArkets don’t care mate. Sling your hook.
so you agree .... forex market is scam and fraud market ....
It is true that the forex market is a scam and fraud market.... a market truth that cannot be denied, but must be accepted
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  • #47
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  • Jun 7, 2024 5:44pm Jun 7, 2024 5:44pm
Fantastic, felt really great when my TP was hit.
  • #48
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  • Jun 11, 2024 1:03pm Jun 11, 2024 1:03pm
Quoting EventsTrader
Very strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability. Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities. Government increased employment by 43,000, maintaining a positive trend. ...
What do you think will be on tomorrow news, on gold ?
  • #49
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  • Jun 11, 2024 1:06pm Jun 11, 2024 1:06pm
Quoting wiseguy0
{quote} What do you think will be on tomorrow news, on gold ?
Here's what I think about tomorrow: https://www.cryptocraft.com/thread/p...9#post14896949

Gold will basically be inverse of the USD.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50
  • Quote
  • Jun 11, 2024 9:23pm Jun 11, 2024 9:23pm
Quoting EventsTrader
{quote} Here's what I think about tomorrow: https://www.cryptocraft.com/thread/p...9#post14896949 Gold will basically be inverse of the USD.
Very interesting comment, thank you
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