- Analytics
- News and Tools
- Market News
- US nonfarm payrolls rise more than expected in July
US nonfarm payrolls rise more than expected in July
The Labor Department announced that nonfarm payrolls increased by 209,000 jobs in July after an upwardly revised 231,000 increase in the prior month (originally 222,000). Meanwhile, the unemployment rate fell to 4.3 percent last month from 4.4 percent in June. Economists had forecast 183,000 new jobs and the jobless rate to slide to 4.3 percent.
According to the report, the labor force participation rate was at 62.9 percent in July, up from 62.8 percent in June. In the meantime, hourly earnings for private-sector workers rose 9 cents or 0.3 percent in July (compared to an unrevised 0.2 percent gain in June and economists' forecast of 0.3 percent advance), while the average workweek was unchanged at 34.5 hours in July (in-line with economists' forecast for 34.5 hours).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
