Probability of Fed Rate Hike in June Drops Following Nonfarm Payroll Miss

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Go back to Probability of Fed Rate Hike in June Drops Following Nonfarm Payroll Miss

Economy Adds Fewer Jobs than Expected in May; Unemployment Rate Falls to 4.7%

June 3, 2016 8:30 AM EDT

(Updated - June 3, 2016 8:41 AM EDT)

Change in Nonfarm Payrolls 38K vs 160K Expected; UE Rate 4.7% vs 4.9% Expected

The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike.

Household Survey Data

In May, the unemployment rate declined by 0.3 percentage point to 4.7 percent, and the number of unemployed persons declined... More