The US Unemployment Rate for May plunged cheerfully to 9.7%; better than the forecasted reading of 9.8% and the prior reading of 9.9%, while the Change in Nonfarm Payrolls for the same period rose to 431 thousand, which is lower than the forecasted 536 thousand and higher than the prior reading of 290 thousand, while the Change in Manufacturing Payrolls plummeted to 29 thousand, which is actually worse than the predicted reading of 33 thousand and the prior revised reading of 40 thousand from 44 thousand, plus the Change in Private Payrolls for the same period fell deeply to 29 thousand from the prior revised reading of 218 thousand from 231 thousand while the market predicted it to come in at 180 thousand.

Now, the country's Average Hourly Earnings for May rose to 0.3%; better than the prior revised reading of 0.1% from 0.0% and the predicted 0.1% and came in at 1.9% for the year ending April, which is better than the market forecasts of 1.6% and the prior revised reading of 1.8% from 1.6%, while the Average Weekly Hours for May inclined to 34.2%, which is higher than the forecasted and prior reading of 34.1%.