Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3%, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at 4.3%, and the number of unemployed persons, at 7.0 million, changed little in July. After declining earlier in the year, the unemployment rate has shown little movement in recent months.
The U.S. Bureau of Labor Statistics just reported the June Non-Farm Payrolls figures, and while the data wasn't perfect, it is certainly reassuring for bulls on the U.S. economy. On a headline basis, the U.S. economy added 222,000 jobs in June, solidly above economists' expectations of 175,000 new jobs. In addition, the BLS revised its estimate of jobs growth in the previous two months higher, for a net addition of 47,000 more jobs.
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4%, the U.S. Bureau of Labor Statistics reported on July 7. Employment increased in health care, social assistance, financial activities, and mining. Household Survey Data In June, the unemployment rate, at 4.4%, and the number of unemployed persons, at 7.0 million, were little changed.
As we noted earlier this week, a Fed rate hike in less than two weeks' time was basically a "done deal" heading into today's Non-Farm Payrolls report (see"Sector showcase: The utility of utilities for handicapping the Fed" for more). When the jobs figures were released, at least a few traders had to reevaluate that outlook.
Total nonfarm payroll employment increased by 138,000 in May, and the unemployment rate was little changed at 4.3%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and mining.