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Huge Payrolls Miss: Only 75,000 Jobs Added In May As Hourly Earnings Growth Slows
06-07-2019, 08:56 AM,
#1
Huge Payrolls Miss: Only 75,000 Jobs Added In May As Hourly Earnings Growth Slows
Huge Payrolls Miss: Only 75,000 Jobs Added In May As Hourly Earnings Growth Slows

<p>With the market unsure how to trade today's payrolls number, with both a very strong and a very poor report likely to spark selling, we just got the verdict: at only 75,000 jobs created in May...</p>

<p><a data-image-external-href="" data-image-href="/s3/files/inline-images/NFP%20may%202019.jpg?itok=Toal999e" data-link-option="0" href="https://www.zerohedge.com/s3/files/inline-images/NFP%20may%202019.jpg?itok=Toal999e"><picture><!--[if IE 9]><video style="display: none;"><![endif]--><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/NFP%20may%202019.jpg?itok=n3Uu9XRh 1x" media="all and (min-width: 1280px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/NFP%20may%202019.jpg?itok=n3Uu9XRh 1x" media="all and (min-width: 480px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/NFP%20may%202019.jpg?itok=n3Uu9XRh 1x, https://zh-prod-1cc738ca-7d3b-4a72-b792-...k=n3Uu9XRh 2x" media="all and (min-width: 1024px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/NFP%20may%202019.jpg?itok=n3Uu9XRh 1x" media="all and (min-width: 768px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/NFP%20may%202019.jpg?itok=Toal999e 1x" type="image/jpeg"></source><!--[if IE 9]></video><![endif]--><img data-entity-type="file" data-entity-uuid="b1ccd172-2f9d-4a6e-9e13-f2e52ba3cd70" data-responsive-image-style="inline_images" height="296" width="500" src="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/NFP%20may%202019.jpg" alt="" typeof="foaf:Image" /></picture></a></p>

<p>... this was not only the worst print since the shocking 56,000 increase in jobs in February, but also 100,000 below the consensus number of 175,000. It was also below the lowest Wall Street forecast, and 4-sigma below consensus as not a single Wall Street analysts guessed a lower number.</p>

<p><a data-image-external-href="" data-image-href="/s3/files/inline-images/lowest%20forecast.jpg?itok=rqId77Rw" data-link-option="0" href="https://www.zerohedge.com/s3/files/inline-images/lowest%20forecast.jpg?itok=rqId77Rw"><picture><!--[if IE 9]><video style="display: none;"><![endif]--><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/lowest%20forecast.jpg?itok=9kyxV4f3 1x" media="all and (min-width: 1280px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/lowest%20forecast.jpg?itok=9kyxV4f3 1x" media="all and (min-width: 480px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/lowest%20forecast.jpg?itok=9kyxV4f3 1x, https://zh-prod-1cc738ca-7d3b-4a72-b792-...k=9kyxV4f3 2x" media="all and (min-width: 1024px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/lowest%20forecast.jpg?itok=9kyxV4f3 1x" media="all and (min-width: 768px)" type="image/jpeg"></source><source srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/lowest%20forecast.jpg?itok=rqId77Rw 1x" type="image/jpeg"></source><!--[if IE 9]></video><![endif]--><img data-entity-type="file" data-entity-uuid="fefb35f5-6491-45ee-853f-e4a051b75432" data-responsive-image-style="inline_images" height="168" width="500" src="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/lowest%20forecast.jpg" alt="" typeof="foaf:Image" /></picture></a></p>

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