July Jobs Report - Another Strong Report (Video)

| About: ProShares Inflation (RINF)

By Robin Anderson, Ph.D., Senior Economist, Principal Global Investors

The July jobs report came out on Friday, August 4, 2016. The report showed a second month of strong gains. The Department of Labor reported that 255,000 jobs were added in July, significantly beating expectations. The unemployment rate remained steady at 4.9%, and average hourly earnings and average hours worked both increased.

Here are my thoughts on the report and our outlook for the rest of the year.