- Prior was 9.59m
- Hires 3.9% vs 4.0% prior
- Separations rate 3.7% vs 2.5% prior
- Quits 2.4% vs 2.5% prior
The dollar has jumped on this report, which indicates that companies are still gung-ho to find workers. The market is pricing in a 62% chance of a June hike.
I'm not a fan of this indicator because I believe that automated hiring practices create too much noise but the Fed watches it closely and they will see this as another reason to hike.
