Saturday, June 4, 2022

Companies Keep Hiring

Nonfarm payrolls increased by 390,000 in May, above the 328,000 Dow Jones estimate.

The unemployment rate held at 3.6%, while a more encompassing jobless rate edged higher to 7.1%.

Average hourly earnings rose slightly less than expected but were still up 5.2% from a year ago.

Leisure and hospitality led gains, followed by professional and business services then warehousing and transportation. [source]

Fox News thinks all of this is bad. The delusion continues. Being contrarian for the sake of being contrarian continues. 

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