A short YouTube segment (Your Advisor, uploaded June 6, 2025) reporting May labor-market data: nonfarm payrolls rose by 139,000 (above the 130,000 consensus), unemployment held at 4.2%, private payrolls +140,000, manufacturing -8,000, government -1,000. Wage and hours details: avg. hourly earnings month-over-month +0.44%, year-over-year +3.9%, average workweek 34.0 hours; labor force participation 62%. Jobs gains concentrated in health care, leisure & hospitality, and social assistance.
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139,000 is the nonfarm payrolls number. The street was looking for 130,000. The unemployment rate stayed the same, 4.2%. We did see a loss in manufacturing jobs of 8,000 jobs. The street was looking for a loss of 5,000. Private payrolls coming in 140,000. The street was only looking for 120,000. So that's where you see a little more strength in this number. And I think that's propping up the entire story Here is that private number as far as average earnings month over month, a gain of 0.44%. The street was looking for point three average earnings year over year, 3.9%. The street was looking for 3.7%. That's wage inflation in line on average workweek hours, 34 hours. We did see a loss of government jobs of just 1,000. We don't, of course, get estimates for that. But last month I do want to point out that we had a gain of 10,000 government jobs. Labor force participation rate, we don't have an estimate for that. That came in at 62. As for what the government is talking about, where the jobs were created, Maria Employment to continue to trend up in health care, leisure and hospitality, social assistance, federal the federal government, as you can probably expect, you know, continued to lose jobs. So those are the headlines coming out of this, Maria. But again, this is we're looking at a market that's really taking off here.