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August 2, 2013

Another Weak Jobs Report

August 2, 2013

Another Weak Jobs Report

BLS Employment Situation Report (July 2013)

– Nonfarm Jobs +162,000.

– Labor Force -37,000

– Labor Participation Rate down from 63.5% to 63.4%

– Unemployment Rate down from 7.6% to 7.2%

– Part-time Jobs +19,000

– Full-time Jobs +143,000

– Average Work Week down from 33.7 to 33.6 hours

– Average  Hourly Earnings flat at $20.14

– Average Weekly Earnings down from $678.72 to $676.70

Of the +162,000 jobs retail was +47,000 and food and beverage was +38,000.

Personal Income and Outlays (June 2013)

– Personal Income Month/Month   +0.3%

– Consumer Spending Month/Month +0.5%

– PCE Price Index Month/Month   +0.4%

– Core PCE price index Month/Month +0.2%

– Personal Income Year/Year   +3.1%

– Consumer Spending Year/Year +3.3%

– PCE Price Index Year/Year  +1.3%

– Core PCE price index Year/Year +1.2%

 

My monthly look inside the BLS Employment Situation Report will be available shortly