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July 5, 2013

Jobs up

July 5, 2013

Jobs up

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.