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US Adds 280K Jobs In May, Much Higher Than Expected, Yellen Gets Green Light To Hike
Contrary to expectations of a modest 226K increase in nonfarm payrolls, according to the BLS in May the US added a whopping 280K jobs, with the April print revised from 223K to 221K, but March revised higher from 85K to 119K. This was the highest monthly increase in payrolls since December of 2014. The unemployment rate rose from 5.4% to 5.5% on the number, as the number of employed Americans according to the Household Survey also rose by an almost equal 272K.
But while the strong number will surely grab Yellen's attention, what is most notable is the jump in average hourly earnings, which rose by 0.3%, above the 0.2% expected, and well above the 0.1% in April, suggesting the slack in the labor force is indeed evaporating. Another way of showing the wage growth, is that it rose 2.3% in May from a year ago, which was the highest annual increase since 2009!
Another way of seeing the wage growth is comparing it to the civilian employment-to-population rate, traditionally the best correlation, which rose from 59.3% to 59.4%, while wages grew by 2.3% in May, the biggest annual increase since 2009.
Judging by the kneejerk market reaction, the data is strong enough to give Yellen a green light not only for a September rate hike, but even potentially keeps June in play.
* * *
More details from the report:
Total nonfarm payroll employment rose by 280,000 in May, compared with an average monthly gain of 251,000 over the prior 12 months. In May, job gains occurred in professional and business services, leisure and hospitality, and health care. Employment in mining continued to decline. (See table B-1.)
Professional and business services added 63,000 jobs in May and 671,000 jobs over the year. In May, employment increased in computer systems design and related services (+10,000). Employment continued to trend up in temporary help services (+20,000), in management and technical consulting services (+7,000), and in architectural and engineering services (+5,000).
Employment in leisure and hospitality increased by 57,000 in May, following little change in the prior 2 months. In May, employment edged up in arts, entertainment, and recreation (+29,000). Employment in food services and drinking places has shown little net change over the past 3 months.
Health care added 47,000 jobs in May. Within the industry, employment in ambulatory care services (which includes home health care services and outpatient care centers) rose by 28,000. Hospitals added 16,000 jobs over the month. Over the past year, health care has added 408,000 jobs.
Employment in retail trade edged up in May (+31,000). Over the prior 12 months, the industry had added an average of 24,000 jobs per month. Within retail trade, automobile dealers added 8,000 jobs in May.
Construction employment continued to trend up over the month (+17,000) and has increased by 273,000 over the past year.
In May, employment continued on an upward trend in transportation and warehousing (+13,000). Truck transportation added 9,000 jobs over the month.
In May, employment continued to trend up in financial activities (+13,000). Over the past 12 months, the industry has added 160,000 jobs, with about half of the gain in insurance carriers and related activities.
Employment in mining fell for the fifth month in a row, with a decline of 17,000 in May. The loss was in support activities for mining. Employment in mining has decreased by 68,000 thus far this year, after increasing by 41,000 in 2014.
Employment in other major industries, including manufacturing, wholesale trade, information, and government, showed little change over the month.
The average workweek for all employees on private nonfarm payrolls remained at 34.5 hours in May. The manufacturing workweek was unchanged at 40.7 hours, and factory overtime remained at 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)
In May, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $24.96. Over the year, average hourly earnings have risen by 2.3 percent. Average hourly earnings of private- sector production and nonsupervisory employees rose by 6 cents to $20.97 in May. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for March was revised from +85,000 to +119,000, and the change for April was revised from +223,000 to +221,000. With these revisions, employment gains in March and April combined were 32,000 more than previously reported. Over the past 3 months, job gains have averaged 207,000 per month.
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Recovery Year 7
Layoff / Business Closing List: http://www.dailyjobcuts.com
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Happy days are here again
"Happy days are here again"
You bet! I'm buying as much silver as I possibly can rigth now!
Yellen Gets Green Light To Hike
Mass suicide....sounds fun.
Lots of bond traders seeing code brown all over the place. https://finviz.com/futures_charts.ashx?t=ZN&p=m5
and gold & silver are headed down. Will be time to go shopping again soon!
I bought silver yesterday. JPM always has the greatest sales!
:)
AWESOME!
There is is just no denying that this figure bodes extremely well for both the US and the global economy. Our Federal Reserve's easing policies and our government's fiscal stimulus programs have slowly but surely worked their magic, and thanks to these efforts Americans are starting to feel a gust of wind under their feet as jobs become more available and ever more business opportunities arise. This is a fantastic opportunity to invest in depressed American real estate - bold and savy investors who buy now will reap the rewards as we begin our next wave of economic growth.
Hey, MDB,
& unicorns / pots of gold at the end of the rainbow exist too you POS.
MDB did you forget the /S in your comment?
If not, go ahead and be bold and buy into real estate now with an increasing interest rate and I'll watch from the sidelines.
LOL this had to have been a /sarc.
Every year, America adds jobs right before the summer months. And every year, its made to be the 'start' of the recovery.
There is no recovery. How can there be? Its a global economy, and it depressed around the world. The only thing I see is more temp jobs that pay 40k a year or less. These kinds of jobs will do nothing to sustain our consumer-oriented economy.
Why all the haters, I mean have you seen a serious comment from MDB yet?!
If you don't like the sarcasm or don't get it then don't read his posts.
Bought Plat, now its down another $15 per/oz from when I bought....
I only like to buy gold and silver when it's really expensive.
Cause I don't want people to think I'm poor.
Cool VFG, I've got a $2500 1 ounce gold bar with your name on it
"and gold & silver are headed down. Will be time to go shopping again soon!"
That was inevitable with the Commercial Net Short position. If it wasn't the BLSBS it would be some other pretext. We are now in the "Rinse" cycle and will go back to the lower end of the range, possibly even lower with such a record net short position of the Commercials.
The question is WHY do ther managed money crowd keep coming back to get screwed? Without them, the Commercials would themselves be screwed.
In the meantime, with no position limits and a captured "Regulator" these "Markets" are totally under the control of the Cartel.
They are so totally obvious in their tactics and they actually WANT you to know that there is no way out for the plebs in PM's. Don't fight the Fed etc. But, as I keep endlessly saying, that makes for a fantastic trading opportunity. I am short Gold to 1150 and Silver to 15.50 and have already made good returns which I will always re-invest in physical metal.
I will loose the last one, when PM's finally break out, but the physical I have stacked in the interim will more than compensate. In the meantime, trade WITH them, not against them...
Valid strategy, but not the one I'm taking. Just buying physical at spot from wholesaler in my very large city. The phyzz is getting tougher and tougher to get my hands on, and this is the busiest wholesaler / refiner in the city. There is just an extremely limited amount on the streets right now. Sure, you can pay $2.50 / $50 (silver/gold) above spot online, but that just seems like a heavy vig. Anyway, good luck. In the end we all end up in the same place; with plenty of physical just when the herd turns.
Gold and silver could go alot lower if the US market rockets up when the rate hike happeens in Oct........nobody will believe it was possible until it happens. Once you get that low, only then will the PMs actually start their journey upward again.
Interesting that the gov't is doing everything in their power to make sure the Fed has a green light to raise rates in fall no matter what numbers they need to fabricate.
June is like...right now.
I'd laugh if the Fed actually raised rates...although sure would explain a lot of things.
This is no recovery though.
"Zero Hedge" claiming as such just goes to show what a Government mouthpiece they have become.
This isn't even replacement cost for labor and sounds like a bunch of fat fuck Government toadies adding to the numbers and while the debt and pension obligations continue to rise exponentially.
"Not all Governments are created equal" of course.
Some aren't nearly impacted by the massive inflation being created here as others are.
Those places will be where the huge profits created in this recovery have been and will be continued to be deployed.
That's not many places for those that are wondering.
Incomes are up four cents an hour (if you even have a job) while food and energy prices have more than doubled.
Discretionary income has completely collapsed while "forced savings"(Alan Greenspan) is surging.
Good luck avoiding a "Government correction." Riots aren't cheap...
The Fed has been embarassingly exposed as having painted itself into a corner, so wants to raise rates just once by 0.25% just to prove that they are the masters of the universe they believe they are. They will then immediately implement QE4 and apparently don't have the intellectual capacity to think beyond the next move to understand that this will ridicule their decisons further. Can anyone still take them seriously?
Put that gun down! Gold's bound to rebound by 2050.
Let's see....
Which asset would I rather own right now?
Dollars? The almighty fiat dollar? Well how many of them are there and what are they backed with? Trillions and nothing! Oh god no, I don't want those.
Treasuries? WIth rates at all time lows, no thank you.
Stocks at all time highs! Nope.
I'll take gold and silver thank you very much. They are finite, stand the tests of time, considered money, and girls think they're pretty.
:)
The good thing about PM's is rats can't build nests out of your stash of gold and silver tucked away in the wall. FRN's, bonds, Treasuries, and stock certificates on the other hand are a great bedding material for rodents of all walks of life. 50 years from now maybe even humans will create little bedding areas made of shredded FRN's to keep warm.
Besides, PMs are cold to the touch, you might catch the flu sleeping on them.
It will far more interesting to know what jobs were created.
Who are all these new Bartenders and Waiters serving?
The 1%. Ever been to a fancy resturant where about 5 wait staff server you? Well at the exlusive restuarants, I hear there are more like 20. Including restroom staff if you catch my drift.
probably serving the half dozen people who live in their cars in my commuter train parking lot...
it's all bullshit... all of it.
Other waiters and bartender. Hard to make yourself lunch when you're working night shifts and two other temp jobs.
Bet you a dollar it will be revised downward when nobody is looking
Doubling down on one's losses is a proud Zero Hedge tradition.
Attaboy!
"Summer of Recovery, Year 7."
I'm sure to be spending. Let's see, SPF40 or SPF 50. How about some new undies. i haven't bought new undies in years. They're getting a bit threadbare.
make sure your undies have secret pockets so can carry your gold and silver. Besides, the girl will really be impress.
these jacked up stats are great. the statists have unknowingly called their own bluff. Yellen is forced to either raise rates or offer even lamer excuses.
Hmm.... that's a tough one, but I'm going to go out on a limb and say it will be 'offer even lamer excuses'.
No prizes for guessing!
BTFTop
STFBottom
WHAT I SAY!?
THE FERAL RESERVE WILL RAISE RATES SOON NO MATTER WHAT YOU MOOKS!
Rates could be up 0.75% by September, and 0.5% next month. This is definitely going to ramp up volatility over the next couple of months. I wonder how much of a bond sell off we might see?
If what you think were to happen, long bonds would yield less than 2.75% and 10s below 2%.
The economy's BACK!
Rates might rise but they will still be net negative.
Smoke and mirrors
Smoke and mirrors = extend and pretend.
It took until June to realize how many jobs were gained in March. Didn't see them in April. Didn't see them in May. But nice of them to show up in June. I am going to spend all sorts of money this weekend on this report.
Seasonal adjustment on top of annual adjustment on top of fantasy adjustment. Fake jobs, Fake housing, Fake auto sales, Fake economy. Raising rates will kill every motivation to mortgage, finance/refi or credit card the purchase of assets and goods.
More like bread and circuses.
There are ten people and resources to feed only nine. What happens to the tenth and why? O’ Humanity, Why are you running and for what? Is anyone on this planet trying to solve this problem?
I am working on it because if everyone will be a bystander when who will fight?
http://just-a-thought-from-thinair.blogspot.com/
Read the post titled “No one saw it coming”
Thanks zerohedge for all the good work you do!
10 people with resources to feed 9?
soon there will only be 9 people and food for 10, then 8 people and food for 11, then...
ingenuity and innovation is all that's required
I took a biotech company public in 2000. You have no idea how hard that is to do, nor do you understand that innovation requires a tremendous amount of real resources. Unfortunately, the resources that are now required in order to simply maintain the current status quo are tremendous. So, in order to innovate, the standard of living for most must decrease.
Sorry asshat, there are no free lunches and you cannot get something from nothing when it comes to the laws of Nature and physics.
Yes, humanity saw great innovations from 1910-1950. Assholes, like yourself, ignore the real costs of those innovations. Now consider how the world has been investing it's resources over the last 40 years...
dumbass.
hmm, I was going for a rather obvious joke there, someone's not in a lighthearted mood today...
The only thing you've ever taken public is your bald head.
Yes, fits perfectly with the April flat-line in consumer spending...because, such as, hospitality always adds like crazy on same spending levels...
/prediction: gold gets monkey-hammered and stays hammered while stawk futures go down for a bit then are bought with a vengeance by ""somebody""
I forgot to add..that stawks will be bought and brought back to green on vanishing volume...the lower volume goes the higher stawks go.
Because, such as, this is how """"""""markets"""""""" work.
Everybody here owes Obama an apology. This is just fantastic news!
Only 92,720,000 jobless left to go.
I'm sure we'll get there. Not today of course.
Good or bad, these numbers, like bank balance sheets, are all made up.
Now even Zerohedge can't find anything negative anymore. Throw in the towel, stocks are going much higher.
the Survey does not capture the hundreds of thousands of new entrants to the USA who, by the way, are given all the benefits of citizenship (cost), but only marginally counted in these figures.
"It is likely that both surveys include at least some undocumented immigrants. However, neither the establishment nor the household survey is designed to identify the legal status of workers. Therefore, it is not possible to determine how many are counted in either survey." -bls
Somehow the banks and fracking fields are laying off like crazy yet jobs are up. ZHers can't find anything wrong with this report? Yea right.
The numbers are being shaped around a policy of raising rates, and have been for quite some time now, probably to prop up the value of the dollar.
Rate hike...hahahahaha...go ahead old Yeller...raise the rates.
Time to raise interest rates !
The Fed has no excuses left !!
They can always move the goalposts/change the rules again. The Feral Reserve will never hike. Christine Canned-Tanned didn't come out with that statement yesterday for no reason.
hmmm- last i heard was that personal expenditure was still flatlining: if you're earning but not spending...
Fucking ridiculous. Good news is bad news.
DavidC
Patience....it's Fantastic Friday...should be green by the close.
There will be blood....and it will be green.
It'll be green for the other guy. The one who shorted gold and bought stocks.
no rate hike. this number is absolute garbage despite steve liesman having a raging orgasm on tv over it.
it just shows how low expectations have become, where 280.000 is considered incredible
"But while the strong number will surely grab Yellen's attention, what is most notable is the jump in average hourly earnings, which rose by 0.3%"
she just threw up her gallon of gravy she had with her 28 pancakes for brakfast. how dare the peasants see an increase in wages. time to pull the rug on stocks to really make the peasants regret getting that extra nickel per hour!!!
Cut one tail off of the curve and the curve shifts.
Who knew.
The Insanity continues unabated
Gold is a Barbaric Relic, call me a barbarian!
Yep 7 years after the great recession...we are still at zero.......that is a recovery...not ....that is a fake economy...
the equity bull market is over.
Hike 'em, Yellen...!!
Just ask yourself this one question:
"Do I feel lucky?"
Well, Grandpa, do ya?
Its hard to read this bullshit anymore and by the comments I can see we are all kind of sick if this goverment lying to the people. This was a number drafted to give Yellin and her criminal cohorts some false information to raise rates because they are behind the curve. Crash coming.
jerbs!
Ermahgerd!
Christine Lagarde kind of looks like a foolish old bag today...yesterday she just looked like a regular old bag.
And with all of these jobs are we seeing increase tax revenues?
Maybe the banks are finally loaning. M1 and M2 kept growing when QE ended. They have to do something with that money that continues to flood the system. That being said, we already know these numbers are always bullcrap. They had to be big to counter all the GDP downward revisions.
Retail in my area is getting a bloodbath so consumers are not shopping that's for sure. Many all that trickle down money is going somewhere else? Food? Osamacare? Rent? Taxes? Who knows?
What's been trickling down is not wealth, and it sure ain't rain!
Wages .03, everything else people have to buy a lot more.
Then fucking taxes, insurances, fees allt hose things that have nothing to do with surviving.
Maybe the Danes can come and visit the IRS.
The weekly bullshit never ends and the DOW which hardly has Industrial in it anymore is flying. Uber and Farcebook will probably join it as well as some corporate brothels in Nevada. Remember the days when the Mustang Ranch was a legit corporation?
No rate normalization in my lifetime Bernanke
There will not be a June rate hike. The proof is on the home page.
Jobs Report Not Likely to Trigger June Rate Hike (Hilsenrath)
With how terrible the market has been there was never a chance for a rate hike until at least 2016.
love listening to the kensian whackos on CNBC - its NEVER a good time to tighten according to them. every time one of these ass clowns comes on air and says that, they should be forced to say fuck old people, no retirement EVER, no interest income EVER, just work til ur fucking dead u old bags.
on a more real note, 280k jobs is still pathetic by historical standards. we keep this up another few years, and we become a quasi greece/japan - between our shit-stain growth, unsustainable debt & growing deficits in the out years, would be nice to ONE DAY get back to normal economics that make sense & are sustainable over the long-term rather than this temporary bullshit.
Interesting that the sudden jump in wages comes just days after several articles released in the news calling for more consumer spending and for employers to pay higher wages. Almost like it was..... planned! But is it real?
Looks like more Fed bluffing about rate hikes.
Yellen in Wonderland...everything is up-side-down.
in 2013 we put a top in long-term yields at 3.9%. now, it looks like we are putting a top at around 3.1%.
by 2016, the top will be below 2.5%.
the bottom will be close to 1.5%.
anyone who is not selling all their stock holdings yesterday is behind the curve. it's over.
....In May, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $24.96.....
that is equivalent to $50k yearly salary per person, double income earner in family will be average at 100k yearly?
No comment about "quality" of jobs in the survey. Lose one full time job (with benefits and occasional overtime), hire 2 people at 29 hours/week (no benefits or overtime). "See, things are looking up, more people are employed". (There is also an implicit assumption that the new jobs are evenly distributed, 2-3 people are being employed, not one person who used to have a single good job taking on 2-3 part time jobs to make ends meet, ie counting "hirings" without any effort to track back to things like "distnct SSN's reporting wages...). Just a cynical observation...
Full-time workers up over 600k. Its a crazy volatile number, so I don't know how much stock to put in it (up or down). Still 400k below the all time high.
It's in the A9 BLS chart. There's no raining on this report parade.
Rain? It's all fiction, it would be boorish to rain on it.
Ladle on the conspiracy theories, Zero Hedge losers.
Gold's taking a dump (on your head, as it were) and equities are off to the races.
"Zero Hedge, where the dumb money comes for investment advice."
Fuck off dick head
When TSHTF, the losers at ZH will have something, and you will have nothing. Best!
He already has nothing.
they tarred & feathered peter schiff in 2004-2005 for screaming from the high-hills about the housing bubble. im guessing you didn't heed his advice and u are probably still swimming in ur basement from all the H20 u r trying to siphon out of ur upside down mortgage.
"keynesian economics, where you don't realize the blow-up, set-up until bricks are hitting you in the head"
WHICH bank do you work for? Or...government?
Go ALL in on stocks, free market won't allow correction, right?
I double dog dare her to raise rates! She won't do it. She doesn't want to be in the history books as the barn burner. Ben B is thanking his lucky stars at this point.
All I see in these employment numbers is the methodology becomes more and more convoluted with each passing month.
I don't believe any reports put out by the FED. It is the same as believing anything a politician says.
It is all just smoke and mirrors pretending that one day they will raise interest rates when there is no possiblity they will.
If interest rates increase, the ponzi bubble will implode.
The FED is trapped. QE4 is coming.
And those jobs went to who?
Since 2000, All Employment Growth Has Gone to Immigrants
Well, today's fucked. Another Friday crock o' shit. This should springboard the DOW back to about 18.3K, no?
Maybe the truth will rear its ugly head next week.
Gold and silver, all worthless again.
Nice.
You stink
https://m.youtube.com/watch?v=EHJymLCET9I. Enough said. Turn up the speakers full blast!
Is this where gold fools come to commiserate and lick their wounds?
Speaking of licking himself, here's a candid shot of the Stooge forthing.
https://www.youtube.com/watch?v=wCIT-BwkZ8M
Feces on you pal.
Go buy a house, ya jerk.
What wounds....I stack for the day this shit show comes to an end but I'm in no hurry. I love this sale on PMs. Keep enjoying your parasitical, financially engineered wealth, but try to buy something real before it vaporizes into the ether.
Some folks have been lied to. It's the government and they are here to kill us.
The lie works agin in the precious metals market (con). And the banks knew this was coming because they began the metals romp on Monday! This is disgusting and everyone reading it know this is a lie!
I don't have time to talk all you golden dipshits off the ledge today, so my advice is to jump and take your worthless metal with you.
JUMP!
Thank you for saying so.
Everyone would have been worried at your sudden, unexplained absence.
Hey there zio-man. I'm going to the LCS today to pick up a stack.
I threw the letter from the credit card company into the garbage, I don't need their zio-scrip.
Those in Argentina, Venezuela, Chile, Cyprus, Greece....all glad they bought "relic". They watched their "money" take a "yellen".
Long on " ".
EvRthing is AWESOME yaaaaaaaaaaayyy!!!! ????
Is this a double seasonally adjusted secret probationary figure?
Bingo
So when did they start classifying "rioter" as a job?
Did you miss the whole "cut the check" movement? Also, lots of work in fixing up the tens of millions in damage they caused.
Obama - "Y'all need to break more stuff. That's the problem here, ya see. Not enough broken stuff."
Well since the Chinese stock market is soaring that means a lot more visitors to Disney World, so they added more temp workers. This was seasonally adjusted and distributed across all 50 states making it look like there was a mass increase in the total employed.
Bringing you once again the way everything is done in Washington:
https://www.youtube.com/watch?v=wz-PtEJEaqY
So "modest" is 226k and "whopping" is 280k? A 25% difference goes from modest to whopping?
Naw come on, this is ZH, we all know better than that, the causality is backwards - these numbers are slightly warmed and adjusted - faked - so that Yellen can do what Yellen wants to do.
Lets just skip all the BS and get right down to the bare bones truth: NO MANUFACTURING = NO RECOVERY! It's just that simple! Add all the burger flipper, health care for the fat, sell shit at WalMart staff jobs you want. But until you see machine shops, auto makers, and other companies opening up that actually produce something and sell it to the world were destined for a slow trudge to the bottom. Fudge these numbers all you want, all it does is make the stock market move.
You da man, Shed Boy.
But we lead the world in manufacturing bogus financial data, go long!
The elegence and logic of your post is profound. So profound that many in the electorate do not understand it. They did not understand it in the early 1990's and will not understand it 20 years from now.
And for those that might take me to task for my less that positive attitude, this economic shit sandwitch we are witnessing has been served to the public starting with the Carter Administration.
Word cloud time
Yen 126, European bonds, US bonds, Corporate bonds, Gold, Silver, Rate hikes cough, 30 year, Housing market, Strong dollar, Oil.
No - yesterday the IMF specifically told Yellen NOT to raise rates.
What jobs?
They are lying to protect the US dollar hedgemony.
bullish
Caitlyn Jenner hired 4 guys alone to put on her makeup and trim her muff.
I personally didn't see any wage growth.
Dude, adjusted for inflation I made more 20 years ago.
Hilsenrath said rate hike unlikely... WSJ. lol.
Kvetch stupid goyim. Only see corner of puzzle. Rise in jobs from non-white refugee UNHCR resettlement foreigners, non-white temporary work visas, non-white illegal aliens. Whites being laid-off to make room for taxpayer funded influx of non-white hoards. Kosher tribe very busy. We busy displace and dispossess white Caucasian population. Make you minority in own country. Soon all whites bow to dusky races elevated above them by kosher tribe. Oy Vey!!
Knew I shoulda shorted the 10-yr notes. 129 to 125 in one month.
Yellen Gets Green Light to Dyke.
There, fixed it for ya.
MSM Tools. We need 300K new jobs every month just to keep up with Population Growth. 1968 12.9% worked part time. 2015 17.4% work part time.
- Hey MSM do you think Graduation had anything to do with new Job Hires?
- 92,986,000 People Not In Workforce...
- 55,951,000 Women Out...
- 6,652,000: More Americans Working Part-Time, But Not by Choice...
Civilian Labor Force Participation Rate
2015-05: 63 Percent (+ see more)
Monthly, Not Seasonally Adjusted, LNU01300000, Updated: 2015-06-05 8:49 AM CDT
- 27.5 Million Part Time Workers (17.4%)
- 157.7 Million in Labor Force
- 121.4 Million Full Time Workers
Employed, Usually Work Part Time
2015-05: 27,486 Thousands of Persons (+ see more)
Monthly, Not Seasonally Adjusted, LNU02600000,
Civilian Labor Force
2015-05: 157,719 Thousands of Persons (+ see more)
Monthly, Not Seasonally Adjusted, LNU01000000,
1968 (Sept) Total Labor Force = 78.5 Million
1968 (Sept) Part Time Workers = 10.1 Million (12.9%)
1970 (Sept) Total Labor Force = 82.6 Million
1970 (Sept) Part Time Workers = 11.1 Million (13.4%)
1980 (Sept) Total Labor Force = 106.9 Million
1980 (Sept) Part Time Workers = 16.3 Million (15.2%)
1990 (Sept) Total Labor Force = 125.8 Million
1990 (Sept) Part Time Workers = 20 Million (15.9%)
2000 (Sept) Total Labor Force = 142.1 Million
2000 (Sept) Part Time Workers = 22.6 Million (15.9%)
2010 (Sept) Total Labor Force = 153.8 Million
2010 (Sept) Part Time Workers = 27.3 Million (17.7%)
2014 (Sept) Total Labor Force = 155.9 Million
2014 (Sept) Part Time Workers = 27.1 Million (17.4%)
Series Id: LES1252881600,
Seasonally Adjusted, Constant (1982-84) dollar adjusted to CPI-U- Median usual weekly earnings, Employed full time, Wage and salary workers, All Industries, All Occupations, Both Sexes, All Races, 16 years and over,All educational levels, Wage and salary workers, Employed full time
Download:
Year Qtr1 Qtr2 Qtr3 Qtr4
1979 335 335 330 326
1980 321 315 319 315
2014 341 337 341 340
2015 341
And as all the algos buy, sell and leverage this critical employment news, we will soon hear a Fed Head say 'not really' and 'have to look at all the data' and 'the economy is still weak in some places'.
I am buying more silver....
I am buying more silver....
I'm buying more Lead for my .357
Semi-jacketed boolits will save you much bore scrubbing, mon.
I really wish that Ol' Yellen would raise rates. Quit playing this game of chicken and just do it already so the pain can really begin.
Maybe they included goimg to school a job? Hookers and drug dealers?
https://www.youtube.com/watch?v=azaI92vXN-s