July Nonfarm Payrolls Reported At -131.000 / Unemployment Rate At 9.5%
Nonfarm payrolls fell 131.000 in July. The consensus was at -65.000, revised reading for June was a decrease of 221.000. The unemployment was reported at 9.5% vs prior reading of 9.5% and consensus of 9.6%.
Average weekly hours worked for private employees rose 0.2% to 34.2.
Chart 1. Nonfarm Payrolls & Unemployment Rate
Source: BLS
Chart 2. US Average Weekly Hours All Employees
Source: BLS
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate