News

US change in non-farm payroll for June 224k vs 160K estimate

US employment report for June  2019

  • Non Farm payroll 224K versus 160K estimate. Prior month 72K versus 75K
  • US unemployment rate 3.7% versus 3.6% expected
  • Average hourly earnings MoM  0.2% versus 0.3% expected. Last month 0.3% vs 0.2% prayer is the reported
  • Average hourly earnigns YoY 3.1% versus 3.2% expected.  last month 3.1%
  • Private payroll 191K versus 150K estimate
  • Participation rate 62.9% versus 62.8%. last month 62.8%
  • two month net revisions to non farm payroll -11K
  • manufacturing jobs+17 K versus plus 3K estimate.  Last month 3K
  • goods producing jobs plus 37K
  • service jobs, plus 154K

The US employment numbers for June came in better-than-expected with 224K vs 160K estimate. However, there was a small revision. The unemployment rate ticked up, helped by an uptick in the participation rates. Wages disappointed vs expectations.

  • professional and business services, +51K
  • healthcare, +35K
  • transportation and warehousing, +24K
  • construction, +21 K
  • manufacturing +17 K.  Manufacturing jobs have averaged 8K in 2019 versus 20 2K in 2018
  • financial +2K
  • information, +2K
  • leisure and hospitality +8K
  • government +33K
  • temporary employment +4K

ForexLive

Articles You May Like

German government reportedly expects a disorderly Brexit on 31 October
Even the best of the best are dead wrong sometimes
EURAUD is the biggest mover today. What do the charts say?
The volatility guide to key event risk in the week starting Aug 12
Singapore: Downbeat growth assessment – Standard Chartered

Leave a Reply

Your email address will not be published. Required fields are marked *