Nonfarm payrolls rose 157K in July but strong report given revisions and unemployment rate decline
Nonfarm payrolls rose 157,000 in July. While this gain was below forecasts, total payroll gains in the prior two months were upwardly revised by 59,000. The unemployment rate fell to 3.9% in July from 4.0% in June. Average hourly earnings increased 0.3% in July and year-over-year wage growth held at 2.7%. This is another strong jobs report that paints a picture of a tight labor market.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.