Employment Comments: A Strong Report following a Weak Report

The headline jobs number was very strong, however there were small downward revisions to job growth for prior months.  The key positives were the number of jobs added in June (287,000), a decline in U-6, and a pickup in wage growth. Earlier: June Employment Report: 287,000 Jobs, 4.9% Unemployment Rate In June, the year-over-year change was 2.45 million jobs. Average Hourly Earnings This graph is based on "Average Hourly Earnings" from the Current Employment Statistics (CES) (aka "Establishment") monthly employment report. Note: There are also two quarterly sources for earnings data:......(read more)

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