The United States announced that non-farm payrolls increased by 172k in May after seasonal adjustment, exceeding market expectations; the unemployment rate remained unchanged at 4.3%. Leisure and hospitality, local government, and healthcare sectors saw significant job gains, while employment in the financial activities sector decreased by 22k. The non-farm data for March and April was revised upward by a total of 93k. The average hourly wage increased by 0.3% month-over-month and 3.4% year-over-year.

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YieldGoblin
· 11h ago
Strong employment + sticky inflation, short-term pressure on risk assets, but the disproof of the recession narrative may not be a bad thing for the crypto world.
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MidnightReconciler
· 11h ago
Non-farm data exceeds expectations, and the interest rate cut expectations are cooling down again. The probability of a rate cut in September needs to be recalculated.
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GateUser-26374bb4
· 11h ago
Financial activity employment decreases by 22k, is Wall Street laying off staff?
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L2AlleyRunner
· 11h ago
Hourly wage year-over-year increased by 3.4%, the wage-inflation spiral is still ongoing, and Powell is worried.
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GateUser-99725296
· 11h ago
The 4.3% unemployment rate remains steady as ever, and the soft landing narrative continues.
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