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USA, created 272 thousand jobs in May, but unemployment is rising. Payroll higher than expected.

The United States economy created 272 thousand jobs in May, in net terms.

According to a report published this Friday, 7th, by the country’s Department of Labor. The payroll result was above the top expectations of analysts consulted by Projeções Broadcast, which ranged from 120 thousand to 220 thousand jobs, with a median of 185 thousand .

The  payroll report  also showed that the   US unemployment rate increased to 4% in May, from 3.9% in April. The forecast was that the rate would remain at 3.9% last month .

The Department of Labor revised  April’s job creation number  slightly to seriously , from 175 thousand to 165 thousand , as well as March ‘s, from 315 thousand to 310 thousand .

In May, according to  payroll figures , the average hourly wage increased by 0.40% in relation to April, or US$ 0.14, to US$ 34.91, a variation that was above the market projection, of 0.30%. In the annual comparison , there was a salary gain of 4.08% in the last month, higher than the forecast of 3.9%.

Chance of interest rate settlement by September by the Fed drops to 52.6%, after US payroll, points out CME.

The possibility of the Federal Reserve (Fed, the North American median bank) reducing interest rates until September receded, then the  monthly US jobs report (payroll) for May, with higher-than -expected  numbers in the creation of jobs and in the average progression of salary. Shortly before this text was written, the chance of dating by September fell to 52.6%, from 67.4% just before that offered , in the monitoring of financial market expectations carried out by the CME Group.

The possibility of a reduction of just 25 basis points throughout the current year was growing, at 38.8% recently, surpassing that of a reduction of 50 basis points, now at 36.3%.

Ibovespa falls and dollar rises after official data in the USA.

After a brief recovery in trading on Thursday, the 6th, the Ibovespa is falling this Friday, the 7th, after employment data in the United States  created more jobs than expected in May.

The  payroll indicator  suggests that the country’s median bank, the Federal Reserve (Fed), will continue to face obstacles in halting inflation and, consequently, will need to keep interest rates at high levels – something negative for risk assets and emerging countries.

The United States economy created 272 thousand jobs in May, in net terms, according to a report published by the country’s Department of Labor. The result was above the expectations of analysts consulted by Projeções Broadcast, offering 220 thousand jobs. The median estimate was 185 thousand .

“The generation of jobs continues to be very powerful abroad. This is bad, because the more jobs you have, the more people receiving salaries, the more people consuming. It generates inflationary pressure. It is very likely that the Federal Reserve will take a little longer to lower interest rates”, said Renan Santos, partner and leader of the variable income desk at KAT Investimentos.

The average hourly wage also grew more than expected in May in the United States – another negative sign for controlling inflation.

The dollar started the day falling and reverted to green , following the result of the official report from the United States in May. The  payroll  has an impact on the dollar exchange rate as it is an indicator considered the main indicator for calibrating bets on American monetary policy. At around 1:20 pm (Brasília time), the dollar recovered its conversion to R$5.279, an increase of 0.56%. 

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