Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. employers added 390,000 jobs in May, more than analyst expectations for 325,000 but slowing from April's 436,000 pace, while the unemployment rate held steady at 3.6%, the Bureau of Labor Statistics reported Friday.
Average hourly earnings grew 0.3% last month, a tenth below expectations, and flat from April's rate. It's up 5.2% on the year. Federal Reserve officials are looking for wage gains to slow as they raise interest rates.
The leisure and hospitality (+84,000), professional and business services (+75,000) and transportation and warehousing (+47,000) sectors led job gains.
The labor force participation rate at 62.3% and the employment to population ratio at 60.1% were both up a tenth from April.
Source: BLS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.