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Employment Situation |
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Column 1Released On 7/8/2016 8:30:00 AM For Jun, 2016 |
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[/table]| 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| [/table]
[/table]
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
