Mediocre BLS likely OK with Fed.

BLS Employment Situation Report (July 2015)

 

– Nonfarm Payrolls month/month   215,000. With revisions to 2 previous months the total was 229,000
– Unemployment Rate 5.3%. Previous was  5.3%
– Labor Participation Rate  62.6%. Previous was 62.6%
– Average Hourly Earnings month/month 0.2%. Previous was +0.0%
– Average Workweek   34.6 hours. Previous was 34.5 hours.

While this is mediocre the fact is that expectations are for mediocre and this report will not move the Fed either way regarding a September rate hike.