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

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This entry was posted on Friday, August 6th, 2010 at 6:41 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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