{"id":90881,"date":"2016-06-06T07:06:38","date_gmt":"2016-06-06T11:06:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=90881"},"modified":"2016-06-06T07:06:38","modified_gmt":"2016-06-06T11:06:38","slug":"us-nonfarm-payrolls-show-just-38k-jobs-in-may","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/us-nonfarm-payrolls-show-just-38k-jobs-in-may\/","title":{"rendered":"US nonfarm payrolls show just 38k jobs in May"},"content":{"rendered":"<div id=\"inves-3080091139\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 6, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The latest US nonfarm payrolls report greatly disappointed the markets on Friday and pressured the dollar. According to data released by the Labor Department, US employers created a mere 38,000 jobs to the economy in May. This missed forecasts of more than 160,000. Meanwhile April\u2019s figure was revised lower to 123,000 from 160,000.<\/p>\n<p>The dismal jobs report may put on hold the Federal Reserve\u2019s plans for raising short-term interest rates. The Fed\u2019s policymakers may now prefer to wait for more data to see whether the US economy remains on a recovery route before they make a move.<\/p>\n<p>A rate increase at next week\u2019s FOMC meeting is almost surely off the table. A move at their July meeting six weeks later is still possible though less likely, because Fed officials won\u2019t have that much more economic data to reassure themselves about the course of the economy\u2019s expansion, according to their remarks.<\/p>\n<p>Some officials could prefer to wait until their September meeting to consider lifting rates, provided the economy picks up during the summer.<\/p>\n<p>The Fed\u2019s next signal comes later on Monday from Fed Chair Janet Yellen who is scheduled to appear in Philadelphia on the economic outlook and monetary policy. Markets will closely listen for any clues on rate hikes. A dovish tone fro Yellen would be negative for the dollar.<\/p><div id=\"inves-2487858506\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The latest US nonfarm payrolls report greatly disappointed the markets on Friday and pressured the dollar. According to data released by the Labor Department, US employers created a mere 38,000 jobs to the economy in May. This missed forecasts of more than 160,000. Meanwhile April\u2019s figure was revised lower to 123,000 from [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-90881","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=90881"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90881\/revisions"}],"predecessor-version":[{"id":90897,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90881\/revisions\/90897"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}