Tag: nonfarm payroll

US May Payrolls Rise, Unemployment Rate 13.3%

The May employment report showed further impact of the COVID-19 shutdown, but there was no question that the surprisingly positive data point to a turning point after weak March and April readings. There will not be a significant improvement in the employment situation until more businesses reopen, but there should be additional positive signs in […]

US Initial Claims Slow; Trade Gap Widens

The US initial claims data came in above expectations Thursday, but still posted a ninth straight weekly decline that suggests the backlog of claims continues to be worked down. However, after a sharp dip in the previous week, the level of continuing claims partially rebounded in the most recent data. The Labor Department reported Thursday […]