NFP Results and latest US unemployment rate
Non Farm Payrolls came in at 661k. It was below forecast of 800k to 1 million.
The bigger sectors with larger job gains are:
- Leisure/Hospitality: 318k
- Retail: 142 k
- Healthcare: 107k
This could be indicative of reemployment of staff that were laid off due to the pandemic.
The unemployment rate was at 7.9% - although deemed high, it’s positive news as it’s the first time it has been under 8% since March.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.