May NFP = +217K

The U.S. economy created 217,000 new jobs last month. The unemployment rate stayed at 6.3%. Expectations were for an increase of 215,000. Private payrolls grew by 216,000 compared with expectations of 210,000.

Nonfarm payrolls finally topped the peak from January 2008. In 25 months, the U.S. economy lost 8.71 million jobs. In the next 51 months, we gained 8.81 million jobs. So in 76 months, we’ve gained 98,000 jobs.

Posted by on June 6th, 2014 at 8:57 am


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