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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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* Year-over-year, average hourly rate rose by 4.4%, also above the 4.2% 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). | * Job growth was more pronounced in governement(+60,000), health care (+41,000), social assistance (+24,000) and construction (+23,000). | ||
=== July === | |||
* The U.S economy added 187,000 jobs in July, below Dow Jones estimate for 200,000 and above 185,000(downwardly revised) added in June<ref name=":2">https://finance.yahoo.com/news/jobs-report-august-4-july-2023-123149729.html#:~:text=Yahoo%20Finance%20LIVE%20%2D%20Aug%204%20AM&text=The%20US%20economy%20created%20187%2C000,the%20least%20since%20December%202020.</ref>. | |||
* Unemployment rate was 3.5%, below 3.6% estimate<ref name=":2" />. | |||
* Average hourly earnings rose 0.4% m/m and 4.4% y/y, above estimate for a 0.3% m/m and 4.2% y/y increase<ref name=":2" />. | |||
* Labor force participation rate held steady at 62.6% for a fifth straight month. | |||
* The biggest job creators were health(63,000), social assistance(24,000), financial activities(19,000)<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>. | |||
== References == | == References == | ||
<references /> | <references /> | ||