Guy LeBas Profile picture
Janney Chief Fixed Income Strategist & PM. I reject follows from default profile pics and brand new accounts; open to all others.
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Jun 6 4 tweets 1 min read
A few #payrolls takeaways:

1) Headline job gains +139k vs +126k exp--call it an in line print as prior months revisions took out -95K

2) "Feel" is gradual slowing but could go either way form here

2) Avg hrly earn touch warm at +0.4%, but 2-month avg consistent w/+0.3%

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4) Industry breakdown incl manuf contraction (-8K), construx flat (+4K) , retail/trade/transport flat (-3K); biggest upside was private ed & hlth (+87K not unusual)

5) HH survey had u-rate unch at 4.2% but -623K job losses losses and flows v. similar to recent months

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