US Employment Situation Released On 7/8/2016 For Jun, 2016

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0	Employment Situation
1	Column 1 0 Released On 7/8/2016 8:30:00 AM For Jun, 2016 Column 1 0	Prior	Consensus	Consensus Range	ActualNonfarm Payrolls - M/M change	38,000	180,000	130,000  to 235,000	287,000 Unemployment Rate - Level	4.7 %	4.8 %	4.7 % to 4.8 %	4.9 %Private Payrolls - M/M change	25,000	170,000	135,000  to 233,000	Participation Rate - level	62.6 %			Average Hourly Earnings - M/M change	0.2 %	0.2 %	0.2 % to 0.3 %	Av Workweek - All Employees	34.4 hrs	34.4 hrs	34.4 hrs to 34.5 hrs

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Recent History Of This IndicatorAfter May's dismal 38,000 gain, nonfarm payrolls are expected to get back on track with a 180,000 gain for June. A revision to May, along perhaps with an upward revision to April's disappointing 123,000 gain, could be major factors in the latest report. A positive factor for June is the return of 35,100 Verizon strikers. The unemployment rate is expected to rise 1 tenth to 4.8 percent following May's 3 tenths plunge to 4.7 percent, a plunge not tied to rising demand for labor but to discouraged workers who left the labor force. Average hourly earnings were flat in May and another flat month is expected for June with the consensus calling for another 0.2 percent tick higher. Even if this report were to beat expectations, the impact on policy expectations would likely be minimal given ongoing concern over[/table]
Mopre to follow later