Important jobs report today

[Mac1958]

Due out at 8:30am.

Expectations are for slowing on new jobs, from 177,000 last report to around 125,000 this time. We'll see the first effects of the tariffs (presumably) and general slowing in the economy.

Don't forget how weird markets can take data, and that there's always two sides to a trade. If the number is higher/better, the positive will be that the economy is holding up better than expected, the negative will be that the threat of inflation persists and the Fed may be less likely to cut interest rates.

If the number is lower, the negative will be that the tariffs are biting hard, the positive will be that the Fed will be far more likely to decrease interest rates. Many stocks will like that, particularly in the NASDAQ.

There are ALWAYS two sides to a data point, so making long term assumptions based on one figure is usually not a good idea.

 

[John Edgar Slow Horses]

It takes about 165000 new jobs each month just to keep up.

We already have 5 to 6 million unfilled.

The economy is starting to reced.

 

[Mac1958]

It takes about 165000 new jobs each month just to keep up.

We already have 5 to 6 million unfilled.

The economy is starting to reced.

Yeah, that's how it looks.

We'll have to drill down on the unemployment rate and workforce participation.

 

[Mac1958]

So the new jobs number came it at 139,000, with 125,000 expected. NICE. Also not TOO high. Futures are happy, although bond yields are going up. Not so good.

It's always six of one, half dozen of the other. But this is definitely better than poor job gains.

 

[1srelluc]

MSN

The U.S. added 139,000 jobs in May, more than expected but pointing to a labor market that continues to slow.

The employment data released Friday by the Bureau of Labor Statistics exceeded forecasts for about 120,000 payroll gains but marked a decline from the revised 147,000 jobs added in April. The unemployment rate held steady at 4.2%, remaining near historic lows.

 

[1srelluc]

MSN

The U.S. added 139,000 jobs in May, more than expected but pointing to a labor market that continues to slow.

The employment data released Friday by the Bureau of Labor Statistics exceeded forecasts for about 120,000 payroll gains but marked a decline from the revised 147,000 jobs added in April. The unemployment rate held steady at 4.2%, remaining near historic lows.

I expect the dems to start falling on their swords any time now.

 

[John Edgar Slow Horses]

So the new jobs number came it at 139,000, with 125,000 expected. NICE. Also not TOO high. Futures are happy, although bond yields are going up. Not so good.

It's always six of one, half dozen of the other. But this is definitely better than poor job gains.

It's better than expected. Job Replacement requires 170K, so we are low.

62.4 NLPR is acceptable.

4.2% US is good, very good.

The inflation rate continues with the Biden decline.

Trump has not wrecked the economy yet. We can hope he does not.

 

[Mac1958]

It's better than expected. Job Replacement requires 170K, so we are low.

62.4 NLPR is acceptable.

4.2% US is good, very good.

The inflation rate continues with the Biden decline.

Trump has not wrecked the economy yet. We can hope he does not.

Yeah, I was in the business for a long time, and I learned not to make any predictions or assumptions on markets. It's not just current numbers, it's how the numbers compare to "expectations" and how they react to the unexpected. So you can't look at one data point and draw a conclusion.

Fingers crossed, as always.

 

[John Edgar Slow Horses]

Maybe we will tip toe through this as the upper middle class.

But the richies are guaranteed, and that is wrong.

And I think Trump will shaft the poor if he can.

 

[pinqy]

It takes about 165000 new jobs each month just to keep up.

To keep up with what? I don't know if you mean "keep up with job losses", (which would be totally wrong) or " keep up with population growth" which is a bit high.

We already have 5 to 6 million unfilled.

7.4 million job openings as of 30 April.

 

[KissMy]

Employment Rate is Falling Rapidly.

Trump has wrecked the US Economy causing Stagflation.

Now he is blaming everyone else.

 

[airplanemechanic]

Employment Rate is Falling Rapidly.

Trump has wrecked the US Economy causing Stagflation.

Now he is blaming everyone else.

Had to look long and hard to find that.

139,000 jobs added in May, far exceeding expectations, and driving the markets higher yet again has to sting, huh? Unemployment steady at 4.2%.

Oh yea, dollar is stronger now against the Euro. Donald Trump continues to make America great again.

Euro Slips as Strong US Jobs Data Lifts Dollar

The euro slipped further below the $1.14 mark on Friday, retreating from Thursday’s six-week high of $1.149, as a stronger-than-expected US jobs report boosted the dollar.The US added 137,000 jobs in May, slightly above the forecast of 130,000, while the unemployment rate held steady at 4.2% and wa…

www.tradingview.com

 

[John Edgar Slow Horses]

airplanemechanic is not telling you we need at least 170K a month to keep up.

He is not telling your four major companies laid of more than 90,000 well paid employees.

Yields up, energy up.

Maybe it will reverse but June is the month to watch.

 

[airplanemechanic]

airplanemechanic is not telling you we need at least 170K a month to keep up.

He is not telling your four major companies laid of more than 90,000 well paid employees.

Yields up, energy up.

Maybe it will reverse but June is the month to watch.

To keep up with what? The Jones'? Unemployment remained steady at 4.2%. Looks like we're "keeping up" just fine.

 

[John Edgar Slow Horses]

Once again you demonstrate you don't understand how this works.

To keep up with what? The Jones'? Unemployment remained steady at 4.2%. Looks like we're "keeping up" just fine.

 

[initforme]

What defines a true "job"? $15 per hour doesn't NOT qualify.

 

[John Edgar Slow Horses]

Starting pay with benefits for a high school student, yeah, its a true job at the bottom of the ladder.

What defines a true "job"? $15 per hour doesn't NOT qualify.

 

[pinqy]

What defines a true "job"? $15 per hour doesn't NOT qualify.

Why not? And what would you classify it as? Unemployed?