BLS Employment Situation Report (June 2013)
– Non-farm Jobs +195,000. Previous revised from +175,000 to +195,000
– Unemployment rate unchanged at 7.6%
– Average Hourly Earnings up $0.10 to $24.01
– Average Workweek unchanged at 34.5 hours
This data is shows a modest improvement in population adjusted jobs and the data is being used to buy equities and sell Treasury debt. We seem to be in a period where modest improvements in the economy are celebrated.
My monthly detailed look at the BLS Employment Situation Report will be posted later.