On Friday the US employment data painted a mixed yet generally stable picture for labor market conditions:
Headline data showed an increase of 139,000 nonfarm payrolls, slightly exceeding consensus forecasts and marking a modest cooling from earlier readings—Tuesday’s March and April gains were revised down by a total of 95,000 jobs. The unemployment rate remained steady at 4.2%, but this reflected a drop in labor force participation, with 625,000 individuals exiting the workforce.
Sector dynamics revealed that job creation was concentrated in health care (+62K), leisure & hospitality (+48K), and social assistance (+16K), while federal government jobs declined sharply (–22K) and industries such as manufacturing and temporary help showed little change . Meanwhile, average hourly earnings rose 0.4% m/m, translating to a 3.9% year-over-year gain, underscoring continued wage strength
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us employment trends for may 107 49 versus 108 00 last month was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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