# U.S. May payrolls rose less than expected | Reuters

> US nonfarm payrolls grew more slowly than expected in May, and wages also rose less than forecast. The data pointed to weakening momentum spreading into the labor market and raised expectations of Fed rate cuts.

- Date: 2019-06-07 · published 2019-06-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/58786-u-s-may-payrolls-rose-less-than-expected-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker US economic data increases the likelihood of Fed easing, which tends to weaken the dollar and can lift dollar-priced commodities, while signaling softer domestic demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| DXY | 2026-04-10 | [Dollar Slips on Weaker-Than-Expected US Economic News](https://feedsoft.ai/events/11162-dollar-slips-on-weaker-than-expected-us-economic-news.md) | -0.5% | -0.7% |
| DXY | 2021-05-28 | [Pent-up demand, shortages fuel U.S. inflation \| Reuters](https://feedsoft.ai/events/47006-pent-up-demand-shortages-fuel-u-s-inflation-reuters.md) | -0.1% | +1.0% |
| DXY | 2022-01-12 | [Dollar slumps as U.S. inflation surge comes in line with expectations](https://feedsoft.ai/events/43389-dollar-slumps-as-u-s-inflation-surge-comes-in-line-with-expectations.md) | -0.2% | -0.0% |
| DXY | 2024-06-14 | [US import prices fall, consumer sentiment slides \| Reuters](https://feedsoft.ai/events/29639-us-import-prices-fall-consumer-sentiment-slides-reuters.md) | +0.1% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/us-may-payrolls-rose-less-than-expected-idUSKCN1T81GG/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.