The employment situation -- May 2019 | Metals Mine

The employment situation -- May 2019 | Metals Mine

The employment situation -- May 2019

From bls.gov

Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and in health care. 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 the concepts and statistical methodology used in these two surveys, see the Technical ... (full story)

Added at 7:35am

U.S. Payrolls Rise 75,000, Missing Forecasts as Wage Gains Cool

From bnnbloomberg.ca

U.S. employers last month added the fewest workers in three months as wage gains cooled, suggesting broader economic weakness and likely boosting calls for a Federal Reserve interest-rate cut as President Donald Trump's trade policies weigh on the economy. Payrolls rose 75,000 after a downwardly revised 224,000 advance the prior month, according to a Labor Department report Friday that missed all estimates in Bloomberg’s survey calling for 175,000. The jobless rate held at a 49-year low of 3.6% while average hourly earnings climbed 3.1% from a year earlier, less than projected. The surprisingly sour data signal the ... (full story)

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Jun 7, 2019 9:13am

Quoting sadeghi

Disliked

{quote} what do you say buddy?! usd is too expensive against all currencies, Inflationary pressure is too low, Interest rate is high, more important than all is the impacts of trade war and tariffs negative effects on consumption. today or tomorrow usd has to go down

Ignored

As long as the interest rate is at current levels which is 2.5% higher compared to euro, the dollar will get stronger because money goes where it get's the highest return. FED is not going to lower rates as long as the the employment is at current levels. Inflation is not alarmingly low and will probably go up due to trade war. Yesterday ECB announced that there will be no interest rate hikes until next summer and they might even place a negative rate if needed. I don't think that the markets have fully priced that in so far.

2

Jun 7, 2019 1:35pm

Quoting Mitiblotch

Disliked

Isn't it nice how everybody is buying the interest rate cut nonsense from the media and robber banks? And if the Fed don't cut rates?

Ignored

I think it's economics, not following media or something you said. That's simple. Sectors of supply and demand are not balanced. A rate cut can have two results: first: decreasing production costs and then reinforcing investment, producing and demanding labor. second: decreasing inflation tax and then increasing household consumption. overall, we will have a growth in demand sector that leads to inflationary pressure.

1

Jun 7, 2019 12:49pm

Isn't it nice how everybody is buying the interest rate cut nonsense from the media and robber banks? And if the Fed don't cut rates?

1

Jun 7, 2019 7:45am

Doesn’t make sense to cut rate with such result.. need continuous waterfall result

1

Jun 7, 2019 8:08am

Quoting TraderTero

Disliked

{quote} The numbers aren't that bad and it is a summer Friday. I would not be surprised to see a quite strong reversal especially when the fundamentals are against a weaker dollar.

Ignored

what do you say buddy?! usd is too expensive against all currencies, Inflationary pressure is too low, Interest rate is high, more important than all is the impacts of trade war and tariffs negative effects on consumption. today or tomorrow usd has to go down

1

Jun 7, 2019 1:22pm

Quoting fxsport

Disliked

{quote} If you have the "guts" to tough it out then yes sir, you ARE correct. I know that you posted it as sarcasm but you will see.....

Ignored

The Chinese government cares less about the welfare of their citizens (believe it or not) than the American government (which sometimes needs the votes of their citizens) so I stand by my sarcastic post (a quote from an ignorant American) with the knowledge that China will tell its citizens to stand in line and ignore the pain if this trade war continues, while things will get very different in the US.

1

Jun 7, 2019 11:51am

Quoting sadeghi

Disliked

{quote} what do you say buddy?! usd is too expensive against all currencies,

Ignored

You don't say! Maybe that's because of all the world economies the USA is doing the best - right now. The US dollar is so expensive because it PAYS holders while other currencies don't.

Quoting sadeghi

Disliked

{quote}Inflationary pressure is too low, Interest rate is high, more important than all is the impacts of trade war and tariffs negative effects on consumption. today or tomorrow usd has to go down

Ignored

Nothing HAS to do anything - beware of that otherwise you get on the wrong side of a position and it can kill you.

The USA will drop their interest rates with 1 or possibly 2 interest rate cuts in 2019.

Jun 7, 2019 1:04pm

Quoting Mitiblotch

Disliked

Isn't it nice how everybody is buying the interest rate cut nonsense from the media and robber banks? And if the Fed don't cut rates?

Ignored

Healthy skepticism - very good. Since you have proven yourself a 'thinker' let us think this thru shall we?

1. USD has been very strong versus other currencies due to it having a 2.5% interest rate.
2. Australia just cut their rates due to the slow down in china....maybe they 'know something'
3. Trump has been very clear he wan't a lower USD
4. Economic slow down in USA appears to be occurring; at a slower rate than other countries but yes it is getting slower
5. The purpose of raising/lowering rates is to keep inflation at 2% - is it? NOPE!

Trump knows that the FED has wiggle room and so he slaps the tariff's into place knowing full well that the FED can lower rates by .5 to 1.0 and STILL not overheat the economy.

What happens if the FED doesn't cut rates? We have time remember to be a successful trader:Buy the rumor and sell the fact.

Jun 7, 2019 10:56pm

I don't see the Fed lowering rates with these numbers, yes, the economy might be slowing down, but only because it was white hot before. It seems more like it's going from overdrive to cruise. Of course, if economic numbers continue to go south, then a cut will seem more likely.

Jun 7, 2019 11:48am

Quoting longfellow

Disliked

Trade wars are easy to win.

Ignored

If you have the "guts" to tough it out then yes sir, you ARE correct. I know that you posted it as sarcasm but you will see.....

Jun 7, 2019 7:41am

Jobs Data smashed the US $ index & small hope u turn must comes to end,Fed rate cut confirm ????

Jun 7, 2019 7:56am

Quoting TraderTero

Disliked

Beware of bull trap

Ignored

Where is the bull trap?????

Jun 7, 2019 7:42am

Getting ready for a rate cut, I wonder mr powell what will say, again patience!!!

Jun 7, 2019 9:47am

Trade wars are easy to win.

Jun 7, 2019 7:55am

Is this bull trap (?)

Jun 7, 2019 12:51pm

I think usd index will continue falling until cpi report released the week after next week before the fomc meeting and then will reverse

Jun 7, 2019 7:44am

Quoting jegas

Disliked

Jobs Data smashed the US $ index & small hope u turn must comes to end,Fed rate cut confirm ????

Ignored

"The jobless rate held at a 49-year low of 3.6% while average hourly earnings climbed 3.1% from a year earlier.."
Rate cut with these numbers??

Jun 7, 2019 7:59am

Quoting jegas

Disliked

{quote} Where is the bull trap?????

Ignored

The numbers aren't that bad and it is a summer Friday. I would not be surprised to see a quite strong reversal especially when the fundamentals are against a weaker dollar.

Jun 7, 2019 7:40am

Wow..
Weak USD..

Jun 7, 2019 7:52am

Beware of bull trap

Jun 7, 2019 11:40am

full employment

Story Stats

Jun 7, 2019 7:30am
Posted by
Newsstand

High Impact Breaking

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14.1K
Linked events:

US Average Hourly Earnings m/m

US Non-Farm Employment Change

US Unemployment Rate