Our reporters’ analysis and reactions to the jobs report.

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Our reporters’ analysis and reactions to the jobs report.

June 4, 2021, 8:39 a.m. ET

8 minutes ago

Ben Casselman

The number of workers reporting that they are on temporary layoff fell below two million for the first time since the pandemic began. Permanent layoffs are also falling, but more slowly.

15 minutes ago

Deborah Solomon

The 559,000 jobs added is unlikely to alter the Fed’s patient stance given they were looking for much more robust job growth before starting to taper or nudging rates higher. This report doesn’t move the needle much.

16 minutes ago

Eshe Nelson

There is not a big reaction in the markets to the May jobs report. Stock futures are up a little, the dollar is down 0.3 percent and 10-year Treasury note yields are completely flat at 1.625 percent.

17 minutes ago

Ben Casselman

Remote work is continuing to fall as more offices reopen; 16.6 percent of workers were remote in May, down from peak of 35.4 percent. And 30 percent of professional workers were remote, down from a high of 57.4 percent.

17 minutes ago

Sydney Ember

Perhaps unsurprisingly, a large portion of the May pickup in jobs was in leisure and hospitality, which was up 292,000 for the month. As restrictions lifted further and Americans — vaccinated and eager to go out again — returned to restaurants and bars.
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