US Jobs growth steady but unemployment rate ticks higher

Data released overnight shows the US jobs market continuing to perform steadily (if less spectacularly than had been expected). Non-farm payrolls grew by 209,000 in July. Payrolls for both May and June were also revised up by a total of 15,000. The monthly average over the past 6 months now sits above 200,000.

Despite the increase in jobs a move up in the Participation Rate to 62.9 (from 62.8) saw the headline unemployment rate tick higher to 6.2% (from 6.1% in June).

The graphic below from the Wall Street Journal details some of the data.


Leave a Response

  • © Conus Business Consultancy Services 2024

    Website created by RJ New Designs