Summary
- U.S. nonfarm payrolls rose by 172,000 in May from a month earlier, more than doubling the market forecast.
- The May unemployment rate was 4.3%%, in line with economists' estimates.
- Average hourly earnings rose 3.4%% from a year earlier and 0.3%% from a month earlier, matching forecasts for wage inflation.
Forecast Trend Report by Period
U.S. employment growth topped expectations in May.
Investing.com reported on June 5 that the Labor Department said nonfarm payrolls increased by 172,000 from the previous month. That was more than double the market forecast of 85,000. The May figure was 7,000 lower than the revised April increase of 179,000.
The unemployment rate was 4.3% in May, in line with economists' estimates.
Average hourly earnings rose 3.4% from a year earlier. They also increased 0.3% from the previous month, matching forecasts. Average hourly earnings are a gauge of wage inflation.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
