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Nonfarm payrolls rise 38,000

ArgusFX

United States

U.S.'s nonfarm payrolls, compared to April's rise of 123,000, climbed 38,000 in May.

U.S.'s NFP rises 38,000 while jobless rate falls to 4.9%.

The jobless rate, was below the predictions for a drop to 4.9%, falling to 4.7%.

The average hourly earnings rose by 0.2% while the participation rate fell to 62.6% from 62.8%.

Euro zone

Euro zone's services PMI escalated from 53.1 to 53.3. The economists predicted stability at 53.1.

The region's retail sales appreciated from -0.6% to 0.0% and failed to meet the economists' forecasts for a rise to 0.3%.

Hungary

Hungary's retail sales rose from 4.3% to 6.4% and were upper than the economists' forecasts for appreciation to 4.3%.

Spain

Spain's services PMI appreciated from 55.1 to 55.4 and differed from the analysts' estimations for a drop to 53.5.

France

The French services PMI fell from 51.8 to 51.6 while the analysts predicted stabilization at 51.8.

Germany

Germany's services PMI stabilized at 55.2 and met the analysts' and the economists' predictions.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/nonfarm-payrolls-rise-38-000
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