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July Jobs Report

LuciousBDragon

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Gold Member
Aug 31, 2017
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The American Southwest
Time to argue & spin the data to best suit your own agenda!


The Numbers​

The Bureau of Labor Statistics released the July jobs report this morning.

Here are the key data points:

Payrolls: An increase of 114,000 vs. 175,000 expected in July.

Revisions: June's gain was revised lower to 179,000 from 206,000; May's gain was revised lower to 216,000 from 218,000.

Unemployment rate: 4.3%, up from 4.1% last month.
Market reaction: Stocks sank, Treasury yields fell on worries about an economic slowdown.


 
Slow down as expected with interest rates.

I wish laws were in place to keep people from over extending their credit but I guess people should be free to be stupid.
 
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Here's the info straight from the DoL

Among the unemployed, the number of people on temporary layoff increased by 249,000 to 1.1 million in July. The number of permanent job losers changed little at 1.7 million. (See table A-11.) The number of long-term unemployed (those jobless for 27 weeks or more) changed little at 1.5 million in July. This measure is up from 1.2 million a year earlier. The long-term unemployed accounted for 21.6 percent of all unemployed people in July. (See table A-12.)

The labor force participation rate, at 62.7 percent, changed little in July and was little changed over the year. The employment-population ratio was little changed at 60.0 percent in July but is down by 0.4 percentage point over the year. (See table A-1.) The number of people employed part time for economic reasons rose by 346,000 to 4.6 million in July. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)

The number of people not in the labor force who currently want a job increased by 366,000 to 5.6 million in July, largely offsetting a decline in the previous month. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)

Among those not in the labor force who wanted a job, the number of people marginally attached to the labor force, at 1.6 million, was little changed in July. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, also changed little at 405,000 in July.

Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; financial activities; professional and business services; leisure and hospitality; and other services.

In July, average hourly earnings for all employees on private nonfarm payrolls increased by 8 cents, or 0.2 percent, to $35.07. Over the past 12 months, average hourly earnings have increased by 3.6 percent. In July, average hourly earnings of private-sector production and nonsupervisory employees increased by 9 cents, or 0.3 percent, to $30.14.

The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.2 hours in July. In manufacturing, the average workweek edged down by 0.2 hour to 39.9 hours, and overtime edged down by 0.1 hour to 2.8 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down by 0.1 hour to 33.7 hours.
 
Joe Biden Falling GIF by GIPHY News
 
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