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.

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This entry was posted on Friday, August 5th, 2011 at 6:51 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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