The U.S. Labor Department released the job's report numbers for May this morning. Initial estimates for nonfarm payrolls new jobs added in May were 185,000, The actual numbers came in way below expectations at just 138,000.
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With the U.S. Labor Department releasing job report numbers in under 18 hours, traders and investors could see some fireworks in the market tomorrow. Today, the U.S. ADP jobs report released its numbers, which came in way above the initial estimates.
According to the beige book which was released today, the U.S. economy has expanded at a moderate pace. This is based on activity from early April through the latter part of May.
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