US total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
Employment continued to trend up in professional and business services and in health care. Good news for the 'orange one'.
The current phase of the US recovery says, the Financial Times is allowing the US central bank to watch what happens to workers in a “high-pressure economy”, one with unusually high demand for both products and labour. A high-pressure economy does more than just create jobs. It creates more productive jobs, with better conditions, that attract people who might not have otherwise even been looking.
Image: US Jobs Growth.
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