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The last update data of employment report I gathered was June 2014, after one month as per the newly reported data, the result is impressive in favor of US economy. A healthy net gain of 217,000 jobs in May confirms our expectation of a faster hiring pace in the latter half of 2014. By year-end, monthly job creation should be running at about 230,000 a month, with a total of 2.6 million workers added to payrolls over the year. Monthly gains so far this year have averaged 214,000 a month.
In a recent report of course the USD will expected to outperform it counterpart soon, if we look at the numbers right?
Don’t expect much improvement in the unemployment rate, however. Although the 6.3% in April and May are the lowest since 2008, the pickup in hiring is spurring an increase in the labor force, as more would-be workers are encouraged to once again start looking for jobs. In May more people joined (or rejoined) the labor force than found jobs. The fact is, there’s an awful lot of slack remaining in the labor market. The labor force participation rate is still a very low 62.8%. So even as hiring climbs, the unemployment rate will stagnate, or even possibly climb for a month or two.
[table] 
It’s good news, too, that gains were spread broadly across most private industries, with only modest declines registered in a handful of industries, including banking, electronics, retail, motion pictures, and food and clothing manufacturing. Although federal and state government employment continued to decline, local governments boosted hiring. Temporary employment, which tends to lead employment in other sectors, continued to grow. Overtime hours of manufacturing workers, which also tends to lead employment, rose in May.
I heard a news yesterday from Bloomberg saying that United States surpassed Saudi Arabia in producing oil.
Goodluck!
KLINCH
In a recent report of course the USD will expected to outperform it counterpart soon, if we look at the numbers right?
Don’t expect much improvement in the unemployment rate, however. Although the 6.3% in April and May are the lowest since 2008, the pickup in hiring is spurring an increase in the labor force, as more would-be workers are encouraged to once again start looking for jobs. In May more people joined (or rejoined) the labor force than found jobs. The fact is, there’s an awful lot of slack remaining in the labor market. The labor force participation rate is still a very low 62.8%. So even as hiring climbs, the unemployment rate will stagnate, or even possibly climb for a month or two.
[table]
It’s good news, too, that gains were spread broadly across most private industries, with only modest declines registered in a handful of industries, including banking, electronics, retail, motion pictures, and food and clothing manufacturing. Although federal and state government employment continued to decline, local governments boosted hiring. Temporary employment, which tends to lead employment in other sectors, continued to grow. Overtime hours of manufacturing workers, which also tends to lead employment, rose in May.
I heard a news yesterday from Bloomberg saying that United States surpassed Saudi Arabia in producing oil.
Goodluck!
KLINCH