Over My Shoulder

NFIB: Jobs report, May 2014

June 9, 2014

This is the NFIB jobs report summary for May.

"Weak GDP numbers apparently did not dampen labor demand a whole lot, with net gains in jobs posting an 8 month run.  Job openings (not able to fill currently) remained at the highest level in the expansion and plans to create new jobs gained more strength.  Although the percent of owners reporting job openings is ten points below the record high, it is holding at the highest level seen since mid-2007, suggesting that labor markets might be tighter than the unemployment rate suggests.  The unemployment rate is likely to remain stable at 6.3 percent and job creation around the 200,000 mark."

Download - jobs1405.pdf