Economic Statistics for 5 Jun 15
The Employment Situation in May perked up, with 280,000 net new jobs created, though unemployment rate rose 0.1% to 5.5%. The labor force participation rate rose to 62.9%, with 397,000 entrants to the labor force, of which 208,000 were re-entrants. Average hourly earnings rose 0.3%, while the average workweek remained steady at 34.5 hours.
Consumer credit rose by $20.5 billion in April, helped by an $8.6 billion increase in revolving credit.