July NFP +209K, Unemployment = 4.3%

The economy created 209,000 net new jobs last month. The unemployment rate dropped to 4.3%.

Digging into the numbers, the unemployment rate for July was actually 4.3497% which rounds down to 4.3%. The monthly decline in the unemployment rate was only 0.007%.

The jobs-to-population ratio rose to 60.17% which is the highest it’s been in 101 months.

Here’s nonfarm payrolls:

Here’s the unemployment rate:

Here’s the growth in average hourly earnings:

Posted by on August 4th, 2017 at 8:36 am


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