US employment report for June 2019
- Non Farm payroll 224K versus 160K estimate. Prior month 72K versus 75K
- US unemployment rate 3.7% versus 3.6% expected
- Average hourly earnings MoM 0.2% versus 0.3% expected. Last month 0.3% vs 0.2% prayer is the reported
- Average hourly earnigns YoY 3.1% versus 3.2% expected. last month 3.1%
- Private payroll 191K versus 150K estimate
- Participation rate 62.9% versus 62.8%. last month 62.8%
- two month net revisions to non farm payroll -11K
- manufacturing jobs+17 K versus plus 3K estimate. Last month 3K
- goods producing jobs plus 37K
- service jobs, plus 154K
The US employment numbers for June came in better-than-expected with 224K vs 160K estimate. However, there was a small revision. The unemployment rate ticked up, helped by an uptick in the participation rates. Wages disappointed vs expectations.
- professional and business services, +51K
- healthcare, +35K
- transportation and warehousing, +24K
- construction, +21 K
- manufacturing +17 K. Manufacturing jobs have averaged 8K in 2019 versus 20 2K in 2018
- financial +2K
- information, +2K
- leisure and hospitality +8K
- government +33K
- temporary employment +4K
