WEEKLY MARKET DIGEST: BLOWOUT JOBS NUMBER, THE U. S. HEADING TOWARDS FULL EMPLOYMENT, OIL GLUT $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) BLOWOUT JOBS NUMBER, THE U. S. HEADING TOWARDS FULL EMPLOYMENT June 5, 2015 The Department of Labor reported a blowout jobs number. Non-farm Private Payrolls rose 262K vs. 225K consensus. At this rate, the U. S. is heading towards full employment, which for practical purposes we define as unemployment rate of 5% or lower. Perma-bears on U. S. economy will point to low labor participation rate. The labor participation rate has not been this low