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US private sector adds 978,000 jobs in May, biggest gain in 11 months

Private companies in the US added 978,000 jobs in May, which marked the biggest gain in 11 months and indicated a continued labour market recovery amid the Covid-19 pandemic, according to a report. The service-providing sectors added 850,000 jobs in May, the report released on Thursday by the payroll data company Automatic Data Processing (ADP) in collaboration with Moodys Analytics, said. The leisure and hospitality sectors added 440,000 jobs, the education and health services sectors added...
Nela Richardson Department Of Labour Bureau Labor Statistics Automatic Data Processing Labor Statistics Contemporary History Ovid 19 Pandemic

US Nonfarm Payrolls May Preview: Questions, questions needing answers

What happened to April payrolls? No one is quite sure.  One possibility is that the BLS seasonal adjustment was far off the mark.The unadjusted Nonfarm Payrolls number was 1.089 million. A seasonal adjustment designed to smooth out recurring monthly swings reduced it to the issued figure of 266,000. These revisions are based on the historical record.  Do assumptions founded in normal seasonal hiring patterns have any predictive value for a time frame as unusual as the past 15 months? In a nor...
New Zealand Services Pmis Services Employment Labor Force Participation Rate Bureau Of Labor Statistics Labor Turnover Survey

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GBP/USD slides back closer to session lows, around mid-1.4100s post-US data

Jun 3, 2021 14:41 GMTFXStreet News GBP/USD failed to preserve upbeat UK PMI-inspired modest intraday gains to the 1.4200 mark. A combination of factors continued underpinning the USD and capped the upside for the major. Better-than-expected US ADP report, jobless claims did little to provide any meaningful impetus. The GBP/USD pair struggled to capitalize on its intraday positive move and has now retreated over 50 pips from daily swing highs. The pair has now dropped to the lower end of its dai...
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AUD/USD drops below 0.7700 as USD gathers strength on upbeat data

  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guaran...
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S&P 500 opens in the negative territory below 4,200

6/3/2021 1:44:32 PM GMT | By Eren Sengezer Wall Streets main indexes push lower on Thursday. All major sectors of S&P 500 trade in the negative territory. Upbeat US data releases failed to help market sentiment improve. Major equity indexes in the US opened deep in the negative territory on Thursday despite the upbeat macroeconomic data releases from the US. As of writing, the S&P 500 was down 0.6% on the day at 4,183, the Dow Jones Industrial Average was...
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