June 2016 Jobs Report

The government reported that the economy created 287,000 net new jobs last month. That’s a huge number. The number for April was revised up by 21,000 while the May figure was revised down to 27,000.

The unemployment rate is 4.9%. Average hourly earnings rose 0.1%.

Average Hourly Earnings are growing at nearly the fastest pace in seven years.

The stock and gold markets are both up. Bonds are rallying as well. You’d think that bonds would be down on a strong jobs number but this ties into the “term premium” rally.

Posted by on July 8th, 2016 at 8:30 am


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