Published July 5, 2019 7::21 PM EST
by Richard Cason, Editor of NewsMovesMarketsForex
United States Non-farm payrolls jump higher by 224,000 jobs for the month of June 2019; whilst the Unemployment rate ticks slightly higher to 3.7%.
The unemployment rate increase does not reflect a significant change to the over all sentiment of Jobs market standing; however, it may indicate that possible tightening could be on the short term employment horizon.
June’s Non-farm payrolls report exceeded expectations by a 64,000 jobs. Wall Street U.S. Economist projected Jobs would advance by 160,000 job for the month of June 2019. June’s Non Farm Payroll numbers are clearly a breath of fresh air compared to Lackluster May’s 2019 NFP release of 75,000 jobs add to the U.S. Jobs market. See the full story; Non-Farm Payrolls Economy Advances 75,000 jobs for May 2019.
U.S. Non Farm Payrolls Jobs Report (JUNE 2019)
 | |||||
|---|---|---|---|---|---|
| Time | Event | Actual | Forecast | Previous | |
| Friday, July 5, 2019 | |||||
08:30 |  USA | Nonfarm Payrolls (MAY) | 224K | 160K | 75K |
| 08:30 | USA | Unemployment Rate (MAY) | 3.7% | 3.6% | 3.6% |
| 08:30 | USA | Private Nonfarm Payrools (MAY) | 190K | 153K | 83K |
| 08:30 | USA | Participation Rate (MAY) | 62.9% | 62.8% | |
| High | Volatility Expected | |
Unemployment rate and ADP National Employment Report
- The unemployment rate came in a tick higher at 3.7% for month of June 2019, while the private nonfarm payrolls average hourly earning rose by $0.06 $27.90, following a 9 cent gain in May .. Over the last 12 month’s the average hourly earnings have increased 3.1% .
- Bureau of Labor Statistics reports that employment rose in various sectors of Construction employment up 21K, professional and technical services. Manufacturing employment advanced up adding 21,000 new jobs. ADP National employment report: Private sector increased 103,000 Jobs for the month of June 2019 Small Businesss 1 – 49 Employees came decreased t0 -23,000, Midsize Business up to 60,000 and Large Business increased by 65,000 jobs. Which continues to incrementally increase a fairly robust pace over the 1st quarter of 2019.
- ADP Private Service Providing Sector increased to 117,000 jobs new jobs added to the U.S. Jobs market for the month of June, 2019.
- It is important to note that Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
- Revisions: employment for APRIL was revised down from +224,000 to +216,000, and the change for MAY was revised down from +75,000 to +72,000. With these revisions, employment gain in April and May combined were 11,000 less than previously reported. After revisions, job gains have averaged 171K per month over the last quarter of 2019.
