Our econometric model suggests that May is the month when payrolls growth snapped back in line with the underlying trend. We estimate that non-farm payroll employment increased by 175,000 in May, up from 115,000 in April.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services