July BLS Strong.
BLS Employment Situation Report (July 2016)
– Nonfarm Payrolls month/month 2 255,000. Previous was 292,000
– Unemployment Rate 4.9%. Previous was 4.9%
– Private Payrolls month/month 217,000. Previous was 259,000
– Participation Rate 62.7% 62.8%. Previous was 62.7%
– Average Hourly Earnings month/month 0.1 % 0.3 % 0.2 % to 0.3 % +0.3%. Previous was +0.1%
– Average Workweek 34.5 hours. Previous was 34.4 hours
This data is good and, moreover, the jobs added unlike jobs added in 2015 were decent paying instead of restaurant workers.
A detailed analysis will be in my RateWatch newsletter of next Monday.
Trade Deficit (June 2016)
– Trade Deficit $44.5 billion. Previous was $41.0 billion.
Growth in exports was soft. Weakness in the economies of some E.U. nations will likely continue.