Comments on June Employment Report

The headline jobs number at 213,000 for June was above consensus expectations of 190 thousand, and the previously two months were revised up by a combined 37 thousand. Overall this was a strong report. Earlier: June Employment Report: 213,000 Jobs Added, 4.0% Unemployment Rate In June, the year-over-year employment change was 2.374 million jobs. This is solid year-over-year growth. Average Hourly Earnings Wage growth was slightly below expectations in June. From the BLS: " In June, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.98. Over the year,......(read more)

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