- Prior -56.9k
- April ILO unemployment rate 3.8% vs 3.6% expected
- Prior 3.7%
- April employment change 177k vs 105k expected
- Prior 83k
- April average weekly earnings +6.8% vs +7.6% 3m/y expected
- Prior +7.0%
- April average weekly earnings (ex bonus) +4.2% vs +4.0% 3m/y expected
- Prior +4.2%
The number of estimated payrolled employees for May increased by 90,000 to a record 29.6 million with the employment rate increasing by 0.2% on the quarter to 75.6%. That said, the latter is still keeping below pre-pandemic levels. Adding to the slight downside in the report is that the unemployment rate ticked higher to 3.8% unexpectedly.
Besides that, the number of job vacancies in March to May rose to a new record of 1,300,000. However, the rate of growth in vacancies continued to slow down.