July Jobs Report = +255K

This morning, the government reported that the U.S. economy added 255,000 net new jobs last month. Economists were expecting a gain of 180,000. The unemployment rate remains at 4.9%.

This is a solid report. Hourly average earnings rose by 0.3%. The private sector added 217,000 jobs. The number for May was revised higher by 13,000 and June was revised up by 5,000.

This report is ammo for Fed members looking to raise rates, but I doubt we’ll see any move before Election Day.

Posted by on August 5th, 2016 at 8:33 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.