Q & A: U.S. Employment, Unemployment… and the Stock Market
1. WHAT WERE THE RESULTS OF THE JULY EMPLOYMENT REPORT? Non-farm employment increased by 117,000 jobs while private employment increased by 154,000 jobs. Employment counts for May and June were revised upwards. The U.S. unemployment rate fell from 9.2% to 9.1%, and average hourly earnings rose to $23.10. 2. WHICH SECTORS ARE RESTRAINING JOB GROWTH? The State/Local Government sector is still cutting spending and jobs to balance […]
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