Not quite sure what to make of this, but the futures at least initially seem to love the numbers:
08:30 MAY JOBS REPORT SHOWS ECONOMY MAY BE SLOWING.
08:30 CONSTRUCTION SHEDS 40,000 JOBS IN MAY.
08:30 RETAIL ADDS 17,000 JOBS IN MAY.
08:30 MAY PAYROLL GROWTH SLOWEST SINCE BLIZZARD OF JAN. 1996.
08:30 APRIL PAYROLLS REVISED TO 343,000 FROM 234,000 PREVIOUSLY.
08:30 MANUFACTURING LOSES 45,000 JOBS IN MAY.
08:30 MAY SERVICE-PRODUCING INDUSTRIES ADD 103,000 JOBS, LOWEST SINCE AUG. 97.
08:30 MAY GOODS-PRODUCING INDUSTRIES LOSE 92,000 JOBS.
08:30 MAY AVERGE HOURLY EARNINGS RISE 0.4% TO $13.19.
08:30 MAY UNEMPLOYMENT RATE FALLS TO 29-YEAR LOW 4.2%.
08:30 MAY PAYROLLS GROW 11,000, FAR BELOW 232,000 EXPECTED.
edit: Now seem to have reversed the other way. .4% average hourly earnings increase probably the big concern. |
