May Jobs Report - Strong Job Growth

|
Includes: DIA, QQQ, SPY
by: Principal Financial Group

By Robin Anderson, Ph.D., Senior Economist, Principal Global Investors

The May jobs report came out on Friday, June 5, 2015. The report showed strong job growth, adding 280,000 jobs in May. The unemployment rate ticked up to 5.5% because the labor force participation rate increased, so the increase in unemployment was for the right reason. Here are my thoughts on the report and our outlook for the rest of the year.

The information in this article has been derived from sources believed to be accurate as of June 2015. Information derived from sources other than Principal Global Investors or its affiliates is believed to be reliable; however, we do not independently verify or guarantee its accuracy or validity.

The information in this article contains general information only on investment matters and should not be considered as a comprehensive statement on any matter and should not be relied upon as such. The general information it contains does not take account of any investor's investment objectives, particular needs or financial situation, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. All expressions of opinion and predictions in this document are subject to change without notice.

Subject to any contrary provisions of applicable law, no company in the Principal Financial Group nor any of their employees or directors gives any warranty of reliability or accuracy nor accepts any responsibility arising in any other way (including by reason of negligence) for errors or omissions in this article. Any reference to a specific investment or security does not constitute a recommendation to buy, sell, or hold such investment or security.

Links contained in some blog posts may take you to third-party sites and Principal Global Investors makes no guarantees to the accuracy of the information provided.