Instant Analysis of Today’s Employment Report for July
- Job Market Simmers in July; +209K vs. Consensus Exp. +230K
- July Jobs Report Somewhat Weaker Than Expected
- May and June Job Numbers Revised Up a Net +15K
- Unemployment Rate Increases to 6.2% as Labor Force Participation Rate Rises to 62.9%
- Goods Sector Employment Accelerates; Private Services Job Growth Downshifts
- Business Services (+47K), Ed & Health (+25K), Leisure & Hospitality (+21K)
- Retail Trade (+27K), Manufacturing (+28K), and Construction (+22K)
- Household Survey Weakens- HH Employment (+131K)
- Hourly Earnings Flat +0.0% in July; Avg. Hours Worked Steady at 34.5
- Market Reaction to Payroll Report; Stocks Flat 10-Yr Treasury Yield Slips to 2.53%
Read the full report here: Bank of the West Instant Analysis
