July Employment Preview

On Friday at 8:30 AM ET, the BLS will release the employment report for July. The consensus, according to Bloomberg , is for an increase of 178,000 non-farm payroll jobs in July (with a range of estimates between 144,000 to 220,000), and for the unemployment rate to decline to 4.3%. The BLS reported 222,000 jobs added in June. Here is a summary of recent data: • The ADP employment report showed an increase of 178,000 private sector payroll jobs in July. This was close to consensus expectations of 175,000 private sector payroll jobs added. The ADP report hasn't been very useful in predicting......(read more)

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