US Nonfarm Payrolls Increase by 139,000 in May vs. 126,000 Expected
Nonfarm Payrolls (NFP) in the United States (US) rose by 139,000 in May, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 147,000 increase (revised from 177,000) recorded in April and came in slightly better than the market expectation of 130,000.
Other details of the report showed that the Unemployment Rate held steady at 4.2% as anticipated, while the Labor Force Participation Rate edged lower to 62.4% from 62.6%. Finally, annual wage inflation, as measured by the change in the Average Hourly Earnings, remained unchanged at 3.9%, surpassing the market forecast of 3.7%.
Source : FXStreet