Why the employment miss in June was just a fluke - Forex News by FX Leaders

Why the employment miss in June was just a fluke

Posted Thursday, July 7, 2016 by
Skerdian Meta • 1 min read

In early June the US employment figures for May were released and they came out way below the expectations and the trend. In the past several years the number of new jobs created has been around 200k a month which is pretty good. But the May numbers were less than 40k and as we saw yesterday from the FOMC meeting minutes the FED were really scared. 

I have been saying the entire month that there might be some sort of mistake desüpite the Verizon strike contributing to it, because we haven´t seen anything go badly wrong in the US economy. Anyway, the ADP non-farm employment came above expectations at 172k and the unemployment claims came out below expectations too, which reinforces the idea  that the May employment miss is some sort of mistake. Tomorrow we will have the real employment numbers though. 

 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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