From Friday's jobs report:
KEY POINTS
Nonfarm payrolls rose 224,000 in June, well above market expectations of 165,000, according to the Labor Department.
The unemployment rate edged higher to 3.7% but was still near 50-year lows.
Wage growth was 3.1% year over year, one-tenth of a point below market expectations.
Professional and business services led the job gains with 51,000, while health care added 35,000 and transportation and warehousing contributed another 24,000. Construction also added 21,000 and manufacturing, despite teetering on contraction recently, saw another 17,000 jobs added, above the 8,000 per month average in 2019 and getting closer to the 22,000 a month in 2018.
https://www.cnbc.com/2019/07/05/jobs-report-june-2019.html
KEY POINTS Nonfarm payrolls rose 224,000 in June, well above market expectations of 165,000, according to the Labor Department.
The unemployment rate edged higher to 3.7% but was still near 50-year lows.
Wage growth was 3.1% year over year, one-tenth of a point below market expectations.
Professional and business services led the job gains with 51,000, while health care added 35,000 and transportation and warehousing contributed another 24,000. Construction also added 21,000 and manufacturing, despite teetering on contraction recently, saw another 17,000 jobs added, above the 8,000 per month average in 2019 and getting closer to the 22,000 a month in 2018.
https://www.cnbc.com/2019/07/05/jobs-report-june-2019.html