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Assessing the US Labor Market
On a day when many were still enjoying the revelry of the Fourth of July holiday, the Bureau of Labor Statistics (BLS) released the June jobs report. In keeping with recent releases, it provided a mixed-to-weakening picture of the labor market. The BLS' establishment survey showed payroll growth of 206K relative to the 190K that was expected; however, downward revisions to the prior two months were a hefty 111K. The BLS' household survey—from which the unemployment rate is calculated—did show a gain in jobs to the tune of 116K, which is an improvement from May's decline of 408K. Yet, as shown below, there ... (full story)
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- Posted: Jul 8, 2024 4:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,585
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