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US Nonfarm Payroll and Unemployment Rate: Difference between revisions
US Nonfarm Payroll and Unemployment Rate (view source)
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* The rise in job numbers was led by professional and business services(+64,000), followed by government jobs(+56,000) and then health care(+33,000)<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>. | * The rise in job numbers was led by professional and business services(+64,000), followed by government jobs(+56,000) and then health care(+33,000)<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>. | ||
* Labor participation rate was 62.6% versus 62.5% estimate. | * Labor participation rate was 62.6% versus 62.5% estimate. | ||
=== June === | |||
* Nonfarm payrolls increased 209,000 in June, below the 240,000 Dow Jone estimate<ref>https://www.cnbc.com/2023/07/07/jobs-report-june-2023-.html</ref>. | |||
* Unemployment rate was 3.6%, in-line with expectations but below the 3.7% in May. | |||
* Labor force participation rate was 62.6% for the fourth consecutive month<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>. | |||
* Average hourly earnings rose by 0.4%, exceeding the 0.3% estimate. | |||
* Year-over-year, average hourly rate rose by 4.4%, also above the 4.2% estimate. | |||
* Job growth was more pronounced in governement(+60,000), health care (+41,000), social assistance (+24,000) and construction (+23,000). | |||
== References == | == References == | ||
<references /> | <references /> | ||