Payrolls rose 339,000 in May, much better than expected in resilient labor market

[Manishican]

https://www.cnbc.com/2023/06/02/jobs-report-may-2023-.html

Professional and business services led job creation followed by government and health care.

[vatsayana]

Janalemo recession recession antaru. e job market emo positives choopistundi.

emi ardham kavatledu. ikkada pattuku koorchunnam  

[Hitman]

Unemployment increased to 3.7% expected to be at 3.5%. 

ఇంట్లౌ కూర్చుని ఫ్రీ benefits తినేవాల్లు ఎక్కువ అయ్యారు అని republicans talk 

[Manishican]

19 minutes ago, Hitman said:

Unemployment increased to 3.7% expected to be at 3.5%. 

ఇంట్లౌ కూర్చుని ఫ్రీ benefits తినేవాల్లు ఎక్కువ అయ్యారు అని republicans talk 

But the total number of people employed are more than 4 million more compared to pre-covid. It is possible that more retired people are joining work force because of inflation 

[Sucker]

IT la kuda slow ga malli jobs start ayyayi. Naa frnds oka 3 members got full times recent ga. April varaki calls lekunde anta May la okkodu 2 jobs set cheskunnnaru. Non IT jobs kuda not bad maa local la many hiring board lu vunnai max inka illegal spanish jobs avi shitizens busy with Doge coin and Elon musk tweets yeppudu dhenni leputhada ani 

[Manishican]

Get ready for 10%+ interest rates

[dasari4kntr]

One look at the incredibly strong headline number from the May jobs report and it appeared the stock market would be heading for a very bad day. Instead, the Dow Jones Industrial Average is up more than 500 points because, beneath the surface, the release had something in it for everyone to like.

Start with the headline number. It was strong—and appeared to be too strong for a Federal Reserve that is trying to slow the U.S. economy. The Bureau of Labor Statistics’ latest employment report showed a gain of 339,000 nonfarm payrolls in May, compared with economists’ consensus estimate of 188,000. Prior months’ hiring was revised up by 93,000 jobs.

While the strength might not be what the Federal Reserve wants, it’s great news for investors because there continues to be no sign of a slowing economy—let alone a recession—in the labor market data. That means there’s no impending slowdown to hit corporate earnings and drag down stock prices, and it’s helping to send cyclical sectors higher: S&P 500 materials stocks were up 2.7% on Friday morning, energy stocks gained 2%, and consumer discretionary stocks added 1.9%.

But here’s the strange thing: The robust numbers barely moved the odds of a Fed pause next week. That’s because the rest of the jobs report wasn’t nearly as strong as the headline.

The May report showed modest wage gains of 0.3% month over month and a tick up in the unemployment rate, signaling more availability of workers. The latter—which is derived from a different survey than the nonfarm payrolls figure—had been forecast to rise by a tenth of a percentage point, to 3.5%, but instead rose all the way to 3.7%.

That’s good news for the Fed. Officials have pointed to rising wages due to a lack of available workers as a key driver of inflation this year. Fed chairman Jerome Powell has emphasized that policy is “data dependent” from here. The May jobs report should be evidence of enough progress to keep the Fed from increasing interest rates at its next meeting on June 13 and 14.

“Today’s data are on balance strong, but not enough of a shocker to force the Fed’s hand in June,” writes Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets. He expects the Federal Open Market Committee to pause in June, then revisit in July.

That’s helping growth stocks, whose valuations are more sensitive to changes in interest rates, on Friday. The tech-heavy Nasdaq Composite index was 0.9% higher in morning trading. Even bond-***** sectors including utilities and real estate were rising on Friday.

[Manishican]

1 hour ago, dasari4kntr said:

One look at the incredibly strong headline number from the May jobs report and it appeared the stock market would be heading for a very bad day. Instead, the Dow Jones Industrial Average is up more than 500 points because, beneath the surface, the release had something in it for everyone to like.

Start with the headline number. It was strong—and appeared to be too strong for a Federal Reserve that is trying to slow the U.S. economy. The Bureau of Labor Statistics’ latest employment report showed a gain of 339,000 nonfarm payrolls in May, compared with economists’ consensus estimate of 188,000. Prior months’ hiring was revised up by 93,000 jobs.

While the strength might not be what the Federal Reserve wants, it’s great news for investors because there continues to be no sign of a slowing economy—let alone a recession—in the labor market data. That means there’s no impending slowdown to hit corporate earnings and drag down stock prices, and it’s helping to send cyclical sectors higher: S&P 500 materials stocks were up 2.7% on Friday morning, energy stocks gained 2%, and consumer discretionary stocks added 1.9%.

But here’s the strange thing: The robust numbers barely moved the odds of a Fed pause next week. That’s because the rest of the jobs report wasn’t nearly as strong as the headline.

The May report showed modest wage gains of 0.3% month over month and a tick up in the unemployment rate, signaling more availability of workers. The latter—which is derived from a different survey than the nonfarm payrolls figure—had been forecast to rise by a tenth of a percentage point, to 3.5%, but instead rose all the way to 3.7%.

That’s good news for the Fed. Officials have pointed to rising wages due to a lack of available workers as a key driver of inflation this year. Fed chairman Jerome Powell has emphasized that policy is “data dependent” from here. The May jobs report should be evidence of enough progress to keep the Fed from increasing interest rates at its next meeting on June 13 and 14.

“Today’s data are on balance strong, but not enough of a shocker to force the Fed’s hand in June,” writes Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets. He expects the Federal Open Market Committee to pause in June, then revisit in July.

That’s helping growth stocks, whose valuations are more sensitive to changes in interest rates, on Friday. The tech-heavy Nasdaq Composite index was 0.9% higher in morning trading. Even bond-***** sectors including utilities and real estate were rising on Friday.

Bhayya ee analysts padipothe same news different ga raasthaaru.

[Manishican]

I hope we will not see anymore job losses posts

[BommaliNinnodhala]

6 hours ago, Manishican said:

Get ready for 10%+ interest rates

Doubtful — may go up to 8% — rajakeeyalu —

[MasterSujith]

Em jobs va . C2c oka call ledu 2 weeks nundi