The Employment Situation -- June 2019 | Metals Mine

The Employment Situation -- June 2019 | Metals Mine

The Employment Situation -- June 2019

From bls.gov

Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, in health care, and in transportation and warehousing. 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 ... (full story)

Added at 7:33am

Jobs are back: Payroll growth rises in June well above expectations

From cnbc.com

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs amid concerns that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7%. Economists surveyed by Dow Jones had expected nonfarm payrolls to rise by 165,000 after and the unemployment rate to hold steady at 3.6%. May’s initially reported growth of 75,000 had raised doubts about the durability of the record-setting expansion that began a decade ago. Federal Reserve policymakers have been watching the jobs numbers closely. Markets have been widely anticipating that the ... (full story)

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Jul 5, 2019 4:32pm — Edited

Quoting Guest

Disliked

No matter how you look at it the US economy is still the best on the planet. It might not be the greatest but its the best. USD remains strong.

Ignored

It was the best...maybe until the 80s...then politicians started to fuck with small businesses and when big greedy corporations took over, economy went down the drain. A sign of a good economy is a big middle class...thats how it used to be. Now, there is almost no middle class...just the poor and the rich...its turning into a "Soviet" economy. So no, economy is shit(the amount of tent cities on the west coast is alarming and it looks worse than in 3rd world countries) and it will become much worse...dollar will collapse in the coming years. There is no way to reverse this at this point...you can't fix 30 years of fucking up.

p.s. Officially the unemployment number is 3.7%, but we know who is within those 3.7%, how its calculated. The real number is between 10-15% and soon to be worse.

2

Jul 5, 2019 9:34am

Record 157m employed. No rate cut 2019.

2

Jul 5, 2019 9:50am

The EURUSD bear power is over for now. This could be the turning point.
GBPUSD below 2490. It need to correct before it continues the down trip.
Swiss France is still safe haven. Correction expected for USDCHF as well.

1

Jul 5, 2019 8:15am

Surely this is more "Currency Manipulation" by ECB, BoE, BoJ and PBC?

1

Jul 5, 2019 9:53am

It's really funny what a random made-up number can do to the markets

.

And all those clever "analyses", omg. I wonder what will clever "analysts" say next month when BLS will figure out, say, 100k "correction" to this number, oy vey.

Edit:
And The Donald promptly comes to the rescue

This is beyond stupid...

1

Jul 5, 2019 7:38am

Where are the pro-cutters?

1

Jul 5, 2019 8:18am

if the unemployment data is not apprehensive (red color in 3.7%) then the increase in NFP will be good for the USD but this condition causes very suspicious growth for the USD economic growth ... plus the Average Hourly Earnings that worsens

Jul 5, 2019 11:39am

Quoting synotaxidae

Disliked

{quote} Hmm, don't get trapped. They like to fu*k people over the weekend, might not be over just yet. I'd wait next week

Ignored

Yes you have a point. Both EUR and GBP are set to go south, but there should be a small correction before they resume the fall.

Jul 7, 2019 1:47am

Quoting Rayh2003

Disliked

{quote} have you ever lived in a third world country? or do you just assume how life is in 3rd world country just from watching the tv?

Ignored

I lived in a few, yes, and also in the US, so I can compare. And LA or Seattle reminded me of 3rd world coutries with the slums and tent cities.

Jul 8, 2019 9:00am

Why so many insist on posting personally offensive comments? Im just a new member but when I look, I see it mostly the same people doing this over and over. But heck what do I know.
Wouldn't it be more constructive if we disagree with a persons opinion and feel its worth responding to, we either present a credible reasoned response, or a credible challenge to the facts on which they base their position.
Just a Thought#

Jul 5, 2019 7:44am

average hourly earning got worse and unemployment rate went up!!! seems interesting to me whay $ is going up!!! the point is inflation and consumption expenses, these data have a negative effect on consumption expenses and inflationary pressure.

Jul 5, 2019 8:54am

Quoting Blessed-man

Disliked

{quote} Earnings got worse? No Last month was revised higher and that takes away the advantage of this month. And employement was like 40% above forecast, that is huge if we take the forecast figures literally

Ignored

the problem is being low inflationary pressure. given released data it's not solved yet . therefore, the probability of cutting rate is still high.

Jul 5, 2019 9:10am

Quoting Ghass1234

Disliked

{quote} yes but inflation was not the biggest issue for the FED , so max .25 . the market was relying on .5 so oversold $ for now , got to rebalance to .25 max this year

Ignored

i dont think so. unemployment rate and gdp (based om quantity) were great in months ago, the only problem was being inflationary plessure and specially consumption expenses. please pay attention, measure of debts are too high, with lowering rate cut they can:
- lower the worth of debts volume
- lower the price of $ and then decrease trade deficit
- lower consumption tax and raise consumption expenses

Jul 5, 2019 8:20am

Quoting sadeghi

Disliked

average hourly earning got worse and unemployment rate went up!!! seems interesting to me whay $ is going up!!! the point is inflation and consumption expenses, these data have a negative effect on consumption expenses and inflationary pressure.

Ignored

Earnings got worse? No

Last month was revised higher and that takes away the advantage of this month.

And employement was like 40% above forecast, that is huge if we take the forecast figures literally

Jul 5, 2019 11:01am

Quoting NotAtrader

Disliked

The EURUSD bear power is over for now. This could be the turning point. GBPUSD below 2490. It need to correct before it continues the down trip. Swiss France is still safe haven. Correction expected for USDCHF as well.

Ignored

Hmm, don't get trapped. They like to fu*k people over the weekend, might not be over just yet. I'd wait next week

Jul 5, 2019 7:52am

Quoting sadeghi

Disliked

average hourly earning got worse and unemployment rate went up!!! seems interesting to me whay $ is going up!!! the point is inflation and consumption expenses, these data have a negative effect on consumption expenses and inflationary pressure.

Ignored

Doesn't matter what you think should happen right now - ride the waves created by the market.

Jul 6, 2019 6:29pm

Quoting OnlineAddict

Disliked

{quote} It was the best...maybe until the 80s...then politicians started to fuck with small businesses and when big greedy corporations took over, economy went down the drain. A sign of a good economy is a big middle class...thats how it used to be. Now, there is almost no middle class...just the poor and the rich...its turning into a "Soviet" economy. So no, economy is shit(the amount of tent cities on the west coast is alarming and it looks worse than in 3rd world countries) and it will become much worse...dollar will collapse in the...

Ignored

have you ever lived in a third world country? or do you just assume how life is in 3rd world country just from watching the tv?

1

Jul 6, 2019 6:36pm

Quoting NotAtrader

Disliked

{quote} Yes you have a point. Both EUR and GBP are set to go south, but there should be a small correction before they resume the fall.

Ignored

funny thing about gbp, i saw too many trader here assumed and speculate that gbp was on its way to 1.36 or 1.40 about 3 months ago...man..how gbp have fallen. someone even made fun of a trader who thought that gbp were gonna go down to 1.16. hmnn...i wont say 1.16 but 1.23 seems posible now. just have this feeling that eur will go below 1.10.

1

Jul 5, 2019 8:08am

mix data ....

Jul 5, 2019 8:59am

Quoting sadeghi

Disliked

{quote} the problem is being low inflationary pressure. given released data it's not solved yet . therefore, the probability of cutting rate is still high.

Ignored

yes but inflation was not the biggest issue for the FED , so max .25 . the market was relying on .5 so oversold $ for now , got to rebalance to .25 max this year

Jul 5, 2019 7:55am

NFP only better,but Avg Hrly earnings & unemployment is surge than previous month,so after rising the peak USD ,its just flip during the mkt closing time.....

Jul 6, 2019 2:24am

Long USD Forever in time !!

Jul 6, 2019 5:30pm

USD FOREVER !

Jul 5, 2019 7:45am

Every news release up usd is not trading just gamble usd

Jul 5, 2019 11:28am

After Trump's inspirational "Salute to America" speech I fully expect next month's NFP to be absolutely bonkers. Military payroll is going to be up at least 500,000.

You read it here first folks.

Jul 5, 2019 7:39am

sell sell sell sell euro GBP

Jul 5, 2019 7:47am

now its Trump tweet coming up....

Jul 5, 2019 8:06am

Trump is going to tweet "" fed must down interest rates"

Jul 5, 2019 4:26pm

As long as inflation in prices still stays in aprox in the same area so will the interest rates. As long as inflation on prices stays the same there's no need for FED to do anything. Just collect. If prices would be deflating and people would also be losing jobs then perhaps... and even then i'd wait for some time and just... collect.

Jul 5, 2019 7:04pm

Quoting Guest

Disliked

No matter how you look at it the US economy is still the best on the planet. It might not be the greatest but its the best. USD remains strong.

Ignored

The only way you’d be looking at the USD to have made that comment ... is if you were from another alternate universe, where everyone and everything is upside down. Perhaps that’s why you’d made this particular comment as a guest!!!

Jul 6, 2019 4:53pm

Quoting Guest

Disliked

No matter how you look at it the US economy is still the best on the planet. It might not be the greatest but its the best. USD remains strong.

Ignored

Or perhaps it is the other way around. It is the 'greatest' in volume but not the best in its quality? Your choice.

Jul 5, 2019 8:29am

us $ stronger for now for sure , data is not bad, usd/cad should go back to 1.3150 at least , but why oil is up ? can someone tell me

Jul 5, 2019 1:31pm

Guys Why Stocks are up ?

Jul 5, 2019 7:51am

Average hourly earning is still in one place, not very bad. Unemplyment it's still very low and only with slight variation. Probably no cut this month, lets see what will happen next time.

Jul 5, 2019 7:56am

No Forex factory news on the CAD Employment report. USD up, CAD down. USDCAD dropped 50 pips

Jul 5, 2019 8:10am

mix data, not 100% good for usd

Trader#DC3B

Jul 5, 2019 8:14am

No matter how you look at it the US economy is still the best on the planet. It might not be the greatest but its the best. USD remains strong.

1

1

Trader#EFFE

Jul 6, 2019 5:19pm

Quoting Guest

Disliked

No matter how you look at it the US economy is still the best on the planet. It might not be the greatest but its the best. USD remains strong.

Ignored

as long as the rest of the world still believes in its debt-carrying capability, then yes...

Jul 7, 2019 10:22pm

Not surprising Nicklesville is where you would end up with the advice you give others.

Trader#9E47

Jul 5, 2019 12:23pm

The data job still good,the economic us still healthy and i believe the fed not cut rate in july

Trader#1AF0

Jul 5, 2019 5:37pm

Only 25bps cut will do this month instead of 50bps....

Story Stats

Jul 5, 2019 7:30am
Posted by
Newsstand

High Impact Breaking

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25.8K
Linked events:

US Average Hourly Earnings m/m

US Non-Farm Employment Change

US Unemployment Rate