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US Employment Situation Released On 7/8/2016 For Jun, 2016

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    0 Released On 7/8/2016 8:30:00 AM For Jun, 2016
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    Prior Consensus Consensus Range ActualNonfarm Payrolls - M/M change 38,000 180,000 130,000  to 235,000 287,000 Unemployment Rate - Level 4.7 % 4.8 % 4.7 % to 4.8 % 4.9 %Private Payrolls - M/M change 25,000 170,000 135,000  to 233,000   Participation Rate - level 62.6 %       Average Hourly Earnings - M/M change 0.2 % 0.2 % 0.2 % to 0.3 %   Av Workweek - All Employees 34.4 hrs 34.4 hrs 34.4 hrs to 34.5 hrs  
    [/table]
    Recent History Of This IndicatorAfter May's dismal 38,000 gain, nonfarm payrolls are expected to get back on track with a 180,000 gain for June. A revision to May, along perhaps with an upward revision to April's disappointing 123,000 gain, could be major factors in the latest report. A positive factor for June is the return of 35,100 Verizon strikers. The unemployment rate is expected to rise 1 tenth to 4.8 percent following May's 3 tenths plunge to 4.7 percent, a plunge not tied to rising demand for labor but to discouraged workers who left the labor force. Average hourly earnings were flat in May and another flat month is expected for June with the consensus calling for another 0.2 percent tick higher. Even if this report were to beat expectations, the impact on policy expectations would likely be minimal given ongoing concern over[/table]
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