View full page at forexfactory.com

 

US Payrolls Rose More-Than-Forecast in May, Boosting Earnings

From bloomberg.com

Payrolls climbed in May by the most in five months and worker pay accelerated, showing companies were upbeat about the U.S. economy’s prospects after an early-year slump. The 280,000 advance in payrolls exceeded the median forecast in a Bloomberg survey and followed a revised 221,000 April increase, figures from the Labor Department showed Friday in Washington. The median forecast called for a 226,000 May gain. The unemployment rate crept up to 5.5 percent as more people entered the labor force, while hourly earnings rose from a year ago by the most since August 2013. Such job gains show corporate managers are ... (full story)

Story Stats

  • Posted:
  • Category: Medium Impact Breaking News