US private payrolls increased by a healthy 262,000 in May, the Labor Department reports—substantially more than the consensus forecast of a 215,000 gain, based on Econoday.com’s data. The news is another clue that boosts the odds for a second-quarter rebound. But when we look past the noise of the monthly fluctuations, today’s update reminds that not much has changed, which is to say that a solid, steady year-over-year growth rate for private payrolls endures.
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Daily Archives: June 5, 2015
Is The Outlook Improving For A US Economic Rebound In Q2?
The prospects for stronger economic growth in the second-quarter remain in flux, but the latest numbers move the dial a bit deeper into positive territory. The change is far from decisive, but it’s enough to suggest that momentum may be building for a stronger run of economic reports in the weeks ahead.
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Initial Guidance | 5 June 2015
● US jobless claims stay low, drop 8,000 to 276,000 | MarketWatch
● Weak US productivity, rising labor costs stir inflation concern | Reuters
● US Consumer Comfort Index falls to 6-month low | Bloomberg
● German Factory Orders Rise for Second Straight Month | NY Times
● Bundesbank Substantially Raises Germany Growth Forecasts | MNI
● Eurozone retail PMI in May signals strongest rise in sales since 2011 | Markit
● Greece Defers IMF Payment as Merkel Says Resolution Far Away | Bloomberg
