Gold & Silver Knee Jerk Higher At Not Too Bad, Not Too Good May Jobs Report

Overall, this jobs report will be considered a “miss” by the mainstream, but the report is Goldilocks to the propagandists…

(by Half Dollar) Recall that the April Jobs Report was generally accepted as a disaster.

Then, throughout the month of May, there was much chatter about the so-called “worker shortage”, even though there are still, to this very day, millions upon millions of supposedly capable American workers sitting at home right now, watching the latest mask propaganda being pumped through the telescreen and chowing down on some cheeze doodles dipped in cheeze whiz.

Good times for the Brainwashed Masses, the Walmart Zombies, and the Sheeple, indeed.

Regardless, it should come as no surprise that today’s jobs report, the Employment Situation Report for May, 2021, produced by the Bureau of Lying Sadists Labor Statistics, will be one of the most critical pieces of economic recovery news since Trump Made America Great Again, only to have Biden in the process of Building It Back Even Better.

Yay.

But don’t take ‘Ol Half Dollar’s word for it, hear it from the One-Upper himself:

So full of win!

Nonetheless, the numbers are in, and according the the BLS, in May, 2021:

  • Total employment rose by: 559,000
  • Unemployment rate declined to: 5.8%
  • Labor force participation rate little changed at 61.6%
  • Average hourly earnings rose by: $0.15

The BLS also informs us that “notable gains occurred in leisure and hospitality”.

Of course they did.

Overall, this month’s jobs report will be considered a “miss” by the mainstream, although not quite as bad of a miss from April.

That said, it seems the MSM was trying to plant the seed of a million jobs created in May, especially coming off of such a “hot” May ADP Payrolls Report of nearly that many earlier in the week.

In my opinion, this report is good for the propagandists because the report is not too bad, and it’s not too good, which means any narrative can be crafted, and as such, the Cartel can create its current desirable market outcome.

Gold & silver knee-jerked higher on the news:

Although it’s not much of a move higher, all things considered, including the most recent walk to the woodshed, and notice the Cartel had even walked gold down to a spike low of $1855 last evening!

Developing…