It’s time for what is arguably the world’s most influential monthly economic update. The US economy generated 280,000 new jobs in May, as the world’s largest economy continues to shake off a sluggish first quarter.
The unemployment rate rose slightly to 5.5%. We’ll be rounding up our best charts, as well as the best ones we see from around the web in the lead-up and aftermath of the 8:30 a.m. data release.
Now let's take a look at the winners and losers. Notice the 253,000 people who previously had no job and were not looking.........that's a big shift if you ask me. One to the bullish side. They're up off of Mommy's couch (finally).
A look by sector breaks it down.
A big gainer? Healthcare no doubt. One has to wonder how many in Congress, attempting to repeal Obamacare, have "this" in the back of their minds.....or "should".
The new loser making a new low.........manufacturing.
Now for some historical perspective. We're still getting there..........
And again we can see, we've done this before.
Whoever says President Obama isn't shrinking government, is in clear denial of the facts.
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