The US employment report was disappointing with an addition of 160 thousand jobs in the labor market.
The report for April was weaker than expected because the market had expected the addition of 202 thousand jobs.
The unemployment rate remained unchanged at 5% and the wages per hour rose to 0.3%, an annual increase rate of 2.5%, according to analysts forecasts.
The weak report can cause the Fed to postpone raising interest rates in December, and possibly even next year.
On one hand, Wall Street doesn’t like rate increases and strong report stated could of bring one, but on the other hand, although a weak report may lead to a delay of the raising interest rates, it can show investors that the US economic situation isn’t good enough and it may lead to a measures of reduction.
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