{"id":35207,"date":"2022-06-03T16:19:17","date_gmt":"2022-06-03T16:19:17","guid":{"rendered":"https:\/\/harchi90.com\/us-may-nonfarm-payrolls-390k-vs-325k-estimate\/"},"modified":"2022-06-03T16:19:17","modified_gmt":"2022-06-03T16:19:17","slug":"us-may-nonfarm-payrolls-390k-vs-325k-estimate","status":"publish","type":"post","link":"https:\/\/harchi90.com\/us-may-nonfarm-payrolls-390k-vs-325k-estimate\/","title":{"rendered":"US May nonfarm payrolls 390K vs 325K estimate"},"content":{"rendered":"<div id=\"\">\n<p data-v-4573bc2e=\"\">  The nonfarm payroll<\/p>\n<figure class=\"content-data__image\" style=\"width:780px;\" data-v-4573bc2e=\"\">\n<p>     <figcaption class=\"figure-img__c\" data-v-4573bc2e=\"\">Recent history of the US nonfarm payroll him<\/figcaption><\/figure>\n<ul data-v-4573bc2e=\"\">\n<li data-v-4573bc2e=\"\">Prior report 428K (was expecting the 391K).  Revised to 436K<\/li>\n<li data-v-4573bc2e=\"\">nonfarm payroll 390K vs 325K estimate.  Estimated range 250K to 477K<\/li>\n<li data-v-4573bc2e=\"\">private payrolls 333 vs 325K estimate.  Last month 406K.<\/li>\n<li data-v-4573bc2e=\"\">unemployment rate 3.6% vs.  3.5% estimate.  Last month 3.6%<\/li>\n<\/ul>\n<figure class=\"content-data__image\" style=\"width:733px;\" data-v-4573bc2e=\"\">\n<p>     <img loading=\"lazy\" alt=\"US unemployment rate\" class=\"media-center__image\" width=\"733\" height=\"345\" src=\"https:\/\/i0.wp.com\/images.forexlive.com\/images\/US%20unemployment%20rate_id_a552a801-fb8f-4755-9200-2333bb516b47_original.jpg?resize=733%2C345&#038;ssl=1\" style=\"object-fit:contain;\" data-v-4573bc2e=\"\" data-recalc-dims=\"1\"\/><figcaption class=\"figure-img__c\" data-v-4573bc2e=\"\">US unemployment rate scrapes along lows<\/figcaption><\/figure>\n<ul data-v-4573bc2e=\"\">\n<li data-v-4573bc2e=\"\">average hourly <span class=\"term__wrapper\" data-v-6ba6fe73=\"\" data-v-4573bc2e=\"\"><span class=\"term__term-title-container\" data-v-6ba6fe73=\"\"><span class=\"term__term-title\" data-v-6ba6fe73=\"\"> earnings <\/span><\/span> <span class=\"term__pop-up-wrapper display-block\" style=\"display:none;\" data-v-6ba6fe73=\"\"><span class=\"display-block\" data-v-6ba6fe73=\"\"><i class=\"close-icon term__close-icon\" data-v-6ba6fe73=\"\"\/> <span class=\"text-body bold display-block\" data-v-6ba6fe73=\"\">\n<p>            Earnings<br \/>\n          <\/span> <span class=\"dots__wrapper term__description\" data-v-c02f1b78=\"\" data-v-6ba6fe73=\"\"><span class=\"dots__visible\" style=\"max-height:63px;\" data-v-c02f1b78=\"\"><\/p>\n<p>    A company&#8217;s earnings represent its profits or net benefits as a result of its operation.  Earnings can be calculated as EBIT, ie earnings before interest and taxes, and EBITDA, ie earnings before interest, taxes, depreciation, and amortization.  Better performances can result in strengthened share prices, while unexpectedly bad earnings can risk declines in share prices.  Using Earnings to Better Inform Investment Decisions Many analysts also use other measures such as earnings per share (EPS) as a way to compare the earnings of multiple companies. EPS is calculated by the remaining earnings leftover for shareholders, divided by the number of shares outstanding.  This is a more fine-tuned measure for investors and analysts given each company has a different number of shares owned by the public. Only comparing companies&#8217; existing earnings does not accurately indicate how much money each company has for each of its shares over a specific period.As a result, EPS is routinely used to make better-informed comparisons and forecasts.In the US, all companies are obligated to report quarterly earnings to the public, which informs on the state of any publicly traded company.  These events are very monitored and important, especially for large corporations.In addition, several companies are used as barometers for the state of the overall market or US economy, lending further weight to these metrics.Ultimately, earnings are an integral element of the US stock market and ensure companies disclose their financials in ways that do not leave investors or the public in the dark.<br \/>\n  <\/span> <span class=\"dots__actual-content\" data-v-c02f1b78=\"\"><\/p>\n<p>    A company&#8217;s earnings represent its profits or net benefits as a result of its operation.  Earnings can be calculated as EBIT, ie earnings before interest and taxes, and EBITDA, ie earnings before interest, taxes, depreciation, and amortization.  Better performances can result in strengthened share prices, while unexpectedly bad earnings can risk declines in share prices.  Using Earnings to Better Inform Investment Decisions Many analysts also use other measures such as earnings per share (EPS) as a way to compare the earnings of multiple companies. EPS is calculated by the remaining earnings leftover for shareholders, divided by the number of shares outstanding.  This is a more fine-tuned measure for investors and analysts given each company has a different number of shares owned by the public. Only comparing companies&#8217; existing earnings does not accurately indicate how much money each company has for each of its shares over a specific period.As a result, EPS is routinely used to make better-informed comparisons and forecasts.In the US, all companies are obligated to report quarterly earnings to the public, which informs on the state of any publicly traded company.  These events are very monitored and important, especially for large corporations.In addition, several companies are used as barometers for the state of the overall market or US economy, lending further weight to these metrics.Ultimately, earnings are an integral element of the US stock market and ensure companies disclose their financials in ways that do not leave investors or the public in the dark.<br \/>\n  <\/span> <!----><\/span> <span class=\"text-caption blue term__link\" data-v-6ba6fe73=\"\">Read this Term<\/span><\/span><\/span><\/span>  0.3% vs.  0.4% estimate.  Last month 0.3%<\/li>\n<li data-v-4573bc2e=\"\">average hourly earnings YoY 5.2% vs 5.2% estimate.  Last month 5.5%<\/li>\n<li data-v-4573bc2e=\"\">manufacturing payrolls 18K vs 40K estimate.  Last 55K<\/li>\n<li data-v-4573bc2e=\"\">participation rate 62.3% vs 62.2 percent last month<\/li>\n<li data-v-4573bc2e=\"\">average workweek 34.6 hours vs 34.6 hours last month<\/li>\n<li data-v-4573bc2e=\"\">U6 underemployment rate 7.1% vs 7.0% last month.<\/li>\n<li data-v-4573bc2e=\"\">Goods producing jobs plus 59K.  Construction +30 6K<\/li>\n<li data-v-4573bc2e=\"\">private service providing jobs plus 274K led by retail jobs +60.7 K<\/li>\n<li data-v-4573bc2e=\"\">government jobs + 57K vs.  + 31K last month<\/li>\n<li data-v-4573bc2e=\"\">\n<pre class=\"text-align-left\" data-v-4573bc2e=\"\">In May, 7.4 percent of employed persons teleworked because of the coronavirus pandemic, down from 7.7 percent in the prior month.<\/pre>\n<\/li>\n<\/ul>\n<p data-v-4573bc2e=\"\">Job changes by sector:<\/p>\n<ul data-v-4573bc2e=\"\">\n<li data-v-4573bc2e=\"\">leisure and hospitality, 84K.  Led by food services and drinking places +40 6K, and accommodation + 21K <\/li>\n<li data-v-4573bc2e=\"\">professional business services, 75K<\/li>\n<li data-v-4573bc2e=\"\">transportation and warehousing, 47K<\/li>\n<li data-v-4573bc2e=\"\">wholesale trade +14.1 K<\/li>\n<li data-v-4573bc2e=\"\">retail trade -60.7 K<\/li>\n<li data-v-4573bc2e=\"\">information +16 K<\/li>\n<li data-v-4573bc2e=\"\">financial activity, 8K<\/li>\n<li data-v-4573bc2e=\"\">education and health services + 74K<\/li>\n<li data-v-4573bc2e=\"\">government, + 57K<\/li>\n<li data-v-4573bc2e=\"\">construction, 36K<\/li>\n<li data-v-4573bc2e=\"\">mining and logging + 5K<\/li>\n<li data-v-4573bc2e=\"\">manufacturing +18 K<\/li>\n<\/ul>\n<p data-v-4573bc2e=\"\">The US stocks have moved lower after the report with the <\/p>\n<ul data-v-4573bc2e=\"\">\n<li data-v-4573bc2e=\"\">Dow down about -191 points. <\/li>\n<li data-v-4573bc2e=\"\">The NASDAQ index is down -175 points while the <\/li>\n<li data-v-4573bc2e=\"\">S&#038;P is down -35 points<\/li>\n<\/ul>\n<p data-v-4573bc2e=\"\">US yields are moving higher:<\/p>\n<ul data-v-4573bc2e=\"\">\n<li data-v-4573bc2e=\"\">2 year, 2.676%, +3 point basis points<\/li>\n<li data-v-4573bc2e=\"\">5 year 2,971%, +6.2 basis points<\/li>\n<li data-v-4573bc2e=\"\">10 year 2.975%, +6 basis points<\/li>\n<li data-v-4573bc2e=\"\">30 year 3.146%, +7.1 basis points<\/li>\n<\/ul>\n<p data-v-4573bc2e=\"\">In the US dollar, the greenback is moving higher:<\/p>\n<ul data-v-4573bc2e=\"\">\n<li data-v-4573bc2e=\"\">EURUSD has moved from 1.0730 down to a low of 1.0703.  That has taken the price back below the 100 and 200 hour moving averages between 1.0723 and 1.0717.  Those levels are now close resistance<\/li>\n<li data-v-4573bc2e=\"\">GBPUSD moved from 1.2550 down to a low of 1.2520.  The current price trades at 1.25293.  The price moved away from the converged 100 and 200 hour moving averages near 1.2576.  Downside targets come in at 1.2524, and 1.2500 followed by the 38.2% retracement of the move up from the May 13 level at 1.24705<\/li>\n<li data-v-4573bc2e=\"\">USDJPY has moved to the highest level since May 11. The price moved up from 130.11 up to a high of 130.64.  The swing hi from May 11 comes in at 130.80.  That is the next upside target.  The move to the upside cracked above the high for the week from yesterday&#8217;s trade at 130.23<\/li>\n<\/ul>\n<p data-v-4573bc2e=\"\">Strong data is bad for the Fed and rate expectations.  That is helping to push down the US stocks and push-up rates.  The only hope is that expectations of a slowdown is just around the corner.<\/p>\n<p data-v-4573bc2e=\"\">Elon Musk said that he would look to cut workforce by 10% and has a bad feeling about the economy<\/p>\n<div data-ref=\"banner\" class=\"banner__outer-wrapper article__automated-link-banner\" data-v-4573bc2e=\"\"><span class=\"banner__info hide-on-tablet hide-on-desktop-sm hide-on-left-and-right-banners-hidden hide-on-right-banner-hidden hide-on-desktop-md hide-on-desktop-lg hide-on-desktop-full-hd\">ADVERTISEMENT &#8211; CONTINUE READING BELOW<\/span> <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The nonfarm payroll Recent history of the US nonfarm payroll him Prior report 428K (was expecting the 391K). Revised to 436K nonfarm payroll 390K vs 325K estimate. Estimated range 250K to 477K private payrolls 333 vs 325K estimate. Last month 406K. unemployment rate 3.6% vs. 3.5% estimate. Last month 3.6% US unemployment rate scrapes along &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/us-may-nonfarm-payrolls-390k-vs-325k-estimate\/\"> <span class=\"screen-reader-text\">US May nonfarm payrolls 390K vs 325K estimate<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/images.forexlive.com\/images\/US%20nonfarm%20payroll_id_9f3acda9-afbb-4d41-a27c-e24c2eae70e6_size900.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/35207"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=35207"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/35207\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=35207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=35207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=35207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}