June Nonfarm Payrolls Reported At -125.000 / Unemployment Rate At 9.5%

July 2nd, 2010 by Belisarius

Nonfarm payrolls fell 125.000 in June. The consensus was at -125.000, revised reading for May was an increase of 433.000. The unemployment was reported at 9.5% vs prior reading of 9.7% and consensus of 9.8%.

Nothing special in the report, meaningful new hiring nowhere to be found.

Chart 1. Nonfarm Payrolls & Unemployment Rate

Source: BLS

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