Published June 7, 2019 1::05 PM EST
by Richard Cason, Editor of NewsMovesMarketsForex
United States Non-farm payrolls only increased by 75,000 jobs for the month of May 2019; whilst the Unemployment rate continues remains the same at 3.6% holding steady, despite the the sub pair Jobs growth numbers for the Month of May 2019.
May’s Non-farm payrolls report fail to meet expectations by a overwhelming 110,000 jobs. U.S. Economist projected Jobs would advance by 185,000 job for the month of May 2019. The slowing down of Job growth may be emanating from the trickle down effect of the results of the U.S. China Tariff conflict as well as the potential looming threat of Tariffs that President Trump would like to impose on Mexico.
U.S. Non Farm Payrolls Jobs Report (May 2019)
 | |||||
|---|---|---|---|---|---|
| Time | Event | Actual | Forecast | Previous | |
| Friday, June 7, 2019 | |||||
08:30 |  USA | Nonfarm Payrolls (MAY) | 75K | 185K | 224K |
| 08:30 | USA | Unemployment Rate (MAY) | 3.6% | 3.8% | 3.8% |
| 08:30 | USA | Private Nonfarm Payrools (MAY) | 90K | 175K | 205K |
| 08:30 | USA | Participation Rate (MAY) | 62.8% | 62.8% | |
| High | Volatility Expected | |
- The unemployment rate steady at 3.6% for month of May 2019, while the private nonfarm payrolls average hourly earning rose by $0.06 $27.83, which increased over year by 3.1%.. compared to April numbers of 3.2% .
- Bureau of Labor Statistics reports that employment rose in various sectors of Health Care up 16K, professional and technical services. Construction employment has slowed a bit only adding 4000 new jobs. ADP National employment report: Private sector increased 27,000 Jobs for the month of May 2019 Small Businesss 1 – 49 Employees came decreased t0 -52,000, Midsize Business rose to 11,000, and Large Business increased by 58,000 jobs. Which continues to grow at a fairly steady and robust pace. Payroll employment rose to 2.6 million in 2018, compared to a gain of 2.2 million in 2017.
- Service Providing Sector increased to 71,000 jobs new jobs added to the U.S. Jobs market for the month of May, 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.
- Additionally, according to the United States Bureau of Labor Statistics …The unemployment rates for adults men 3.3%, adult women 3.2%, teenagers 12.7%, Whites 3.3%, Blacks remain the same at 6.2%, Asians 2.5%, and Hispanics 4.2% displayed very little to no change in 0ver the month.
- Revisions: employment for March was revised down from +189,000 to +153,000, and the change for April was revised down from +263,000 to +224,000. With these revisions, employment gain in March and April combined were 75,000 less than previously reported.
