Seeking Alpha

More on the jobs number

  • In addition to May's 7K upward revision, April's 282K job gain is revised higher to 304K, making for a total of 29K more jobs added during those two months.
  • Average hourly earnings of $24.45 in June is up $0.06 from May, and ahead 2% from a year ago.
  • The average hourly workweek remained flat at 34.5 hours for the fourth straight month.
  • The labor force participation rate is flat at 62.8%; it was 63.5% one year ago.
  • The employment-to-population ratio rose a tick to 59%.
  • The broader U-6 unemployment rate fell to 12.1% from 12.2% in May; one year ago it was 14.2%.
  • Previously: Jobs gain of 288K; UE rate down to 6.1%
Comments (2)
  • DeepValueLover
    , contributor
    Comments (9997) | Send Message
     
    How many of these new jobs are full-time with benefits and how many of them are "would you like fries with that"?
    3 Jul 2014, 10:23 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2217) | Send Message
     
    If going by participation rate numbers, the job gains were in the +55 and the 20-24 yr old group. 25-54 saw a decline/stagnation.
    3 Jul 2014, 10:51 AM Reply Like
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