July Nonfarm Payrolls Rose117.000; Private Payrolls Up 154.000; Unemployment Rate At 9.1%
(For July 2011)
Nonfarm payrolls rose 117.000 in July; Consensus was at 75.000; June reading was an increase of 18.000. The unemployment was reported at 9.1% vs. prior reading and consensus of 9.2%.
Private payrolls were up 154.000 vs. 108.000 consensus and 57.000 reading in March.
By all means this is not a strong report, but is much, much better than feared.
Average weekly hours worked for private employees unchanged at 34.3.
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate