Economic updates this week

Friday 
The US non-farm employment change showed an increase of 280 thousand jobs in May. Only 221 thousand jobs in contrast were created in April. The unemployment rate however increased slightly to 5.5%, up from 5.4% recorded in the previous period. The employment report can be found here.


Thursday
Australia`s retail sales was static, and the report can be found here. The trade balance was a deficit of 3.98 billion, up from a deficit of 1.23 billion in April. This is the worst deficit since the GFC. The trade balance report can be found here.


Wednesday
Australia`s economy grew by 0.9%, the GDP report can be found here.

In the UK, the services industry grew at a slower pace. The services PMI was 56.5 in May, down from April`s 59.5. The PMI report can be found here.

Minimum bid rate remained at 0.05% in Europe. Head over here for the ECB press conference.

The US trade balance deficit reduced slightly to 40.9 billion. The trade report cane be found here.