May non-farm payroll
Key highlights of the jobs report
Impact on the economy
The weaker growth in the US labor market in May has now become an increasing area of concern in the overall US economy. The US Manufacturing PMI has also been showing a gradual decline in performance, and the mounting delays among President Donald Trump’s policies are creating more worries in investors’ minds.
Performance of various indexes in May
The major indexes of the US, including the S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the Nasdaq Composite Index (COMP-INDEX), showed flat performances in May. These indexes rose 1%, 0.45%, and 1.7%, respectively, in May 2017.
For more on this subject, you may also be interested in reading Market Realist’s series What Theresa May’s Failed Gamble May Mean for Investors.