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US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3%
US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3%
With Wall Street expecting a strong - not great - number, and a modest decline from April's 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs...
... not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K.
The change in total nonfarm payroll employment for March was revised up by 29,000, from +185,000 to +214,000, and the change for...
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The post Rothbard at 100 appeared first on LewRockwell.
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Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains
Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains
Submitted by Michael Kern of OilPrice.com,
The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East.
The price of fuel oil has surged this month as the stalled tanker traffic at the Strait of Hormuz is tightening supplies of the fuel in Asia, the key bunkering hub for fuel...
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