Menu

  • The US Employment Situation -- May 2024

    From bls.gov

    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. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about ... (full story)

Added at 8:40am

  • Jobs report today: Economy added booming 272,000 jobs in May, unemployment at 4%

    From usatoday.com

    Hiring accelerated in May as employers added a robust 272,000 jobs despite stubborn inflation, high interest rates and intensifying household financial strains The unemployment rate rose from 3.9% to 4%, highest since January 2022, the Labor Department said Friday. Economists had estimated that 185,000 jobs were added last month, according to a Bloomberg survey. Several crosscurrents were poised to affect May’s payroll totals. Heavy rains crimped hiring in April and a return to more typical weather patterns last month likely provided a modest boost, says economist Ryan Sweet of Oxford Economics. Another positive: ... (full story)

not strong improvement and bad unemployment
price manipulation more
Follow price direction
Quoting hesron
not strong improvement
Whaaat? ig these numbers are correct they are well above expectations. Though I havent looked at the details. Devil may be there somewhere (;
no rate cut in near future
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  •  Guest
  • | IP XX.XX.142.195
Quoting Banditten
{quote} Whaaat? ig these numbers are correct they are well above expectations. Though I havent looked at the details. Devil may be there somewhere (;
Gov't is biggest jump again, 43,000
Household survey report declined 408,000 in may . Labor force declined 250,000
USD reaction will reverse soon due to labor is being small gradually and unemployment is increased although hourly rate slightly increased
Whose out here cooking the numbers?
The solution is (x).
Quoting Banditten
{quote} Whaaat? ig these numbers are correct they are well above expectations. Though I havent looked at the details. Devil may be there somewhere (;
see volume trade now ..... retail market
Follow price direction
Quoting Ftmofx
USD reaction will reverse soon due to labor is being small and unemployment is increased although hourly rate slightly increased
Remember what i said about the ADP. too unreliable.

This confirms atleast no cut until september. you should start to see USD make another yearly high due to divergence from other CB
Quoting hesron
not strong improvement and bad unemployment price manipulation more
When he was buying USD and it went down, the price was manipulated. Now he is selling USD and price is manipulated.
Very strong.

Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability.

Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities.

Government increased employment by 43,000, maintaining a positive trend.

Professional, Scientific, and Technical Services gained 32,000 jobs, indicating robust demand for skilled labor in specialized fields such as management, consulting, and technical services.


Department Stores and Furniture Retailers job losses of 5,000 and 4,000 respectively, highlighting ongoing challenges in the retail sector.

Manufacturing showed little to no change in employment, indicating stagnation in this critical sector.

There are 4.4 million people employed part-time for economic reasons, a figure that has not improved. These individuals prefer full-time employment but are working part-time due to insufficient hours or inability to find full-time jobs, indicating underemployment issues.
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
How is it possible, there is an increase in labor data while unemployment data increases
Follow price direction
Stagflation confirmed
fake data more
Follow price direction
Look to UJ..... The greatest P...m...i....mp of the wolrd UEDAand his team prepared a good base now for Yujo's whom are ready for new American Customers. Small holes are ready for invasion of Big American d......ks......
These numbers are politically motivated and racist
Quoting atillaken
Look to UJ..... The greatest P...m...i....mp of the wolrd UEDAand his team prepared a good base now for Yujo's whom are ready for new American Customers. Small holes are ready for invasion of Big American d......ks......
UJ to 165's
price manipulation has coming from 2024.06.07 11:00 today .... buy with rumor
because the retail market hopes that labor data will really improve.... and it turns out that the labor data that appears now is running away from the retail market's expectations
Follow price direction
We could then witness how far they could still push themselves to their new limits
Binds move with curiousity, may the risk rebates
Quoting hesron
How is it possible, there is an increase in labor data while unemployment data increases
The unemployment rate increases because you have more people willing to work, which did not find a job yet, but at the same time firms’ labor demand increases as seen by the non-farm employment change. Labor supply and labor demand increased simultaneously. This is not a fake move, it is just very bullish for USD and shows the resilience of the US labor market.
Quoting Yazatha
{quote} The unemployment rate increases because you have more people willing to work, which did not find a job yet, but at the same time firms’ labor demand increases as seen by the non-farm employment change. Labor supply and labor demand increased simultaneously. This is not a fake move, it is just very bullish for USD and shows the resilience of the US labor market.
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
fake
Say something meaningful or Silence!!
this friday .... time to price manipulation .... do not trade more
Follow price direction
Bulls stop crying and accept that you got bamboozled.
Manipulation or not, trade your plan and take ownership for your own trading actions... As for me, I am staying out until a clear trend develops, there has been too much indecision at these levels in the equities markets..
Inserted Video
Follow price direction
Quoting rehmatkhan00
Bulls stop crying and accept that you got bamboozled.
bears retail market can not doing buying more because liquidity has reach target
Follow price direction
Witness US Treasury rates up hard across the board. The Fed has not been restrictive enough and the bond vigilantes will let them know. JPow especially has grown quite dovish and we'll see if he changes that tone next Wednesday. Tuesday CPI will be watched with dread and hope. Buckle up for a June swoon but the AI bull market, where NVDA et al stocks will be bought at any cost, may not care.
"If The Fool persists in his Folly he will become wise." - William Blake
Now confusion Neutral USD will bull over corrected Gold
I'm just laughing :d
Quoting Yazatha
{quote} The unemployment rate increases because you have more people willing to work, which did not find a job yet, but at the same time firms’ labor demand increases as seen by the non-farm employment change. Labor supply and labor demand increased simultaneously. This is not a fake move, it is just very bullish for USD and shows the resilience of the US labor market.
^well stated.

I learned long ago that Hesron's posts are irrelevant because 90% of their first thread posts are "fake news".

With no basis for the statement, nor understanding of the press release, commentary like that (from any participant) has to be discounted.

EventsTrader does a wonderful job of breaking down the actual data for us. Even that doesn't seem to register with some folks.

I think I am going to give up trying to help dissuade the masses from being affected by such comments though, it is just too much work

I suppose that is what makes a market though. Happy trading and have great weekend to everyone! CPI and FOMC next week = next stop for craziness!
Inserted Video
Follow price direction
Quoting fxx360
These numbers are politically motivated and racist
Haha, yeah. Democrats get to tout more jobs added....Republicans get to bash Dems for higher unemployment. Win win for everyone.
Quoting Momofrmnyc
Whose out here cooking the numbers?
I think the number adding a signifact amount of jobs is going to see past the slighly higher unemployment figure to be honest
Quoting ffghost
{quote} ^well stated. I learned long ago that Hesron's posts are irrelevant because 90% of their first thread posts are "fake news". With no basis for the statement, nor understanding of the press release, commentary like that (from any participant) has to be discounted. EventsTrader does a wonderful job of breaking down the actual data for us. Even that doesn't seem to register with some folks. I think I am going to give up trying to help dissuade the masses from being affected by such comments though, it is just too much work ...
Attached Image (click to enlarge)
Click to Enlarge Name: retail sentiment qtc90.png Size: 32 KB
Follow price direction
Fed should hike rate
Quoting ffghost
CPI and FOMC next week = next stop for craziness!
Huge week coming up!
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
We were gonna interview some Russel 2000 dip buyers to understand how they ended up spiraling into this but they were not available so we gave up on them.
Invest in alarm clocks
Quoting EventsTrader
Very strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability. Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities. Government increased employment by 43,000, maintaining a positive trend. ...
Thanks for all the detail, help us all very much.
Quoting hesron
{quote} {image}
4% unemployment is still very low.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1350.jpeg Size: 123 KB
  •  Guest
  • | IP XXX.XXX.108.243
In hindsight that was real rocket science for the ECB to cut rates yesterday.

"The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It will keep policy rates sufficiently restrictive for as long as necessary to achieve this aim."
Quoting Yazatha
{quote} 4% unemployment is still very low. {image}
It was actually lower than the data might suggest, 0.02% from being reported as unchanged. The rate was 3.96% calculated to two decimals.

It's historically very low.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
Quoting Yazatha
{quote} 4% unemployment is still very low. {image}
that's why the data presented is data manipulation.....don't be too innocent....news can be purchased according to the interests and needs of 3rd parties
Follow price direction
Quoting hesron
{quote} that's why the data presented is data manipulation.....don't be too innocent....news can be purchased according to the interests and needs of 3rd parties
mArkets don’t care mate. Sling your hook.
Quoting EventsTrader
Very strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability. Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities. Government increased employment by 43,000, maintaining a positive trend. ...
Strong my a..., look debt clock online.
Quoting Vancarbon
{quote} It’ll be the fiscal deficit that’ll bring this market back to reality.
NOBODY in politics, blue, red, green, or whatever, nor any politicized CB will have the stones to do what needs to be done. Nobody at JPow's Country Club will care if the deficit keeps getting kicked down the road. But, if the stock market crashes 30%, he'll get the stink eye in the locker room after squash.
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting ww3361
{quote} mArkets don’t care mate. Sling your hook.
so you agree .... forex market is scam and fraud market ....
It is true that the forex market is a scam and fraud market.... a market truth that cannot be denied, but must be accepted
Follow price direction
Fantastic, felt really great when my TP was hit.
Quoting EventsTrader
Very strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents to $34.91, marking a 4.1% increase over the past 12 months. This indicates positive wage growth, which can support consumer spending and economic stability. Healthcare added 68,000 jobs, continuing strong growth in ambulatory healthcare services, hospitals, and nursing care facilities. Government increased employment by 43,000, maintaining a positive trend. ...
What do you think will be on tomorrow news, on gold ?
Quoting wiseguy0
{quote} What do you think will be on tomorrow news, on gold ?
Here's what I think about tomorrow: https://www.cryptocraft.com/thread/p...9#post14896949

Gold will basically be inverse of the USD.
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
Quoting EventsTrader
{quote} Here's what I think about tomorrow: https://www.cryptocraft.com/thread/p...9#post14896949 Gold will basically be inverse of the USD.
Very interesting comment, thank you
  • New Comment
  •  Guest
  • | IP XX.XX.9.173
Join MM
  • Story Stats

  • Related Stories