With the federal government continuing in shutdown mode, there continues to be a dearth of official economic statistics, including the all-important monthly Nonfarm PayRolls Report, which plays a large role in informing the Federal Reserve’s monetary policy. It’s thus elevated the status of some lesser-followed reports and at least one is flashing a major red […]
U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate. Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April’s job growth was 147,000 (revised from an […]