Market news
02.08.2019, 12:41

U.S. nonfarm payrolls increase as expected in July

The U.S. Labor Department announced on Friday that nonfarm payrolls increased by 164,000 in July after a downwardly revised 193,000 gain in the prior month (originally an increase of 224,000).

According to the report, notable job gains occurred in professional and technical services (+31,000 jobs in July), health care (+30,000), social assistance (+20,000), and financial activities (+18,000).

At the same time, the unemployment rate remained unchanged at 3.7 percent in July.

Economists had forecast 164,000 new jobs and the jobless rate to stay at 3.7 percent.

The labor force participation rate edged up to 63.0 percent from 62.9 percent in June, while hourly earnings for private-sector workers rose 0.3 percent m-o-m (8 cents) to $27.99, following a revised 0.3 percent m-o-m gain in June (originally a 0.2 percent m-o-m increase). Economists had forecast a 0.2 percent m-o-m advance in the average hourly earnings. Over the year, average hourly earnings have increased by 3.2 percent, following a 3.1 percent rise in June.

The average workweek decreased by 0.1 hour to 34.3 hours in July, slightly below economists’ forecast of 34.4 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location