US non-farm payroll employment rose 139k in May, above expectation of 130k. That’s slightly below average monthly gain of 149k over the prior 12 months. Unemployment rate was unchanged at 4.2%, matched expectations. Participation rate fell from 62.6% to 62.4%. Average hourly earnings rose 0.4% mom, above expectation of 0.3% mom. Over the past 12 […]
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