The Market Ticker - Jobs Say No Rate Change
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.
Chugging on we go but do note that “little changed”, when looked at on a 2022 to today basis does have a positive slope. Also note that historically 5% unemployment has been considered “normal” so no, that does not mean we should cut rates (never mind The Fed doesn’t set…….
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Source: https://market-ticker.org/akcs-www?post=251446
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