Posts tagged "Monthly Employment Report"
Jobs Jobs and Less Jobs
Well, the market had been expecting 325,000 jobs lost and instead we got 467,000 jobs lost. I think you could describe that as…..
A Swing and a Miss!
Not a good sign for the overall health of the economy but it might help mortgage rates a bit.
Stay tuned, we’ll be talking about this more as the day progresses…..
Tom Vanderwell
Jobs are lost at a faster pace in June - MarketWatch
The U.S. economy shed jobs at a faster pace in June than in May, suggesting that the turnaround in the economy may take longer than expected.
Nonfarm payrolls shrank by 467,000 in June, higher than the 325,000 decline expected by economists surveyed by MarketWatch and the 322,000 jobs lost in May.
The unemployment rate ticked higher to 9.5% in June from 9.4% in the previous month. Economists had expected the unemployment rate to rise to 9.6%.
There was only a very slight 8,000-downward revision to payroll losses in April and May.
Jobs, Monthly Employment Report
