How I would comprehend the labor data released Friday (02 June)
@nerdbull1669:
The U.S. Unemployment Rate (May) and U.S. Nonfarm Payrolls (May) data have been released at 8.30am(EST). There is an increase in U.S. Nonfarm Payrolls, but the unemployment rate is higher at 3.7%. The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in the public and private sector increased by 339,000 for the month, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth. The unemployment rate was at 3.7% against the estimate for 3.5%, just above the lowest level since 1969. Market like when the nonfarm payrolls increase in April Market was up more than 1% when nonfarm payrolls increase in April. The S&P 500 rose 75.0