The Labor Department announced that non-farm payrolls (NFP) increased by 54,000 for the month of May. This is the weakest result since last September and well below expectations of 161,000 new jobs.
Private employment created 83,000 new positions while Government payrolls were trimmed by 29,00. As a result, the unemployment level rose slightly from 9.0 to 9.1 percent.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.