Print Services: Subscribe | Home Delivery Web: Mobile Edition |

 
Site Web Search powered by YAHOO!SEARCH
 
June Employment Data (U.S. and Canada)
Good for stocks and bonds, Not so good for people, apart from the lower gasoline prices. Karim writes: June Employment Data (U.S. and Canada) U.S. Headline payroll growth of 80k in line with other Q2 employment readings and a clear loss of momentum in job gains from Q1. The report was a positive from a [...]

Good for stocks and bonds,

Not so good for people, apart from the lower gasoline prices.


Karim writes:

June Employment Data (U.S. and Canada)
U.S.

  • Headline payroll growth of 80k in line with other Q2 employment readings and a clear loss of momentum in job gains from Q1.
  • The report was a positive from a personal income standpoint, however, as the components of the income equation, Hourly Earnings (+0.3%) and Aggregate Hours (0.4%) were both strong.
  • The hours data in particular suggests demand was running at reasonable levels but forward uncertainty may have restrained hiring.
  • Weather related sectors did bounce back: Net change in construction of +33k in particular. There may have been some seasonal issues in education as that sector had a net change of -55k.
  • Other key metrics were generally stable: The unemployment rate was unchanged at 8.2%, the labor force participation rate was unchanged, the median duration of unemployment fell from 20.1 weeks to 19.8 weeks, and the Diffusion Index dropped from 59.8 to 57.9
  • This is the last payroll number before the next Fed meeting. In what should be a close call, Twist 2 will likely be maintained.

Canada

  • Very modest growth in employment in June (7.3k). Equivalent to about 75k in the U.S., population-adjusted.
  • Y/Y growth in Canadian employment is exactly 1%. Combined with modest productivity growth, current GDP trends appear similar to the U.S., about 1.5-2.0%.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here