Job figures for July exceeded all expectations after the US Bureau of Labor Statistics released its jobs data on Friday. Payrolls rose by 255,000, surpassing expectations of 180,000 but falling short of June’s job growth of 292,000. More positive indications arrived on Friday with increasing average hourly earnings also reported. Average hourly earnings measures the change in the price businesses pay for labor that does not include the agricultural sector. The earnings index rose 0.30% during the month, beating forecasts of a 0.20% increase.
US Nonfarm Payrolls Sky-Rocket in July, Unemployment Stays Flat
Daily Analysis - 08/08/2016