Trajan
conscientia mille testes
From the wonderful world of counter intuitive claptrap
...I have said it before when the rate dropped on lower job creation than this, and now at 163K, the best month of the last 2 Quarters,it ticks up....
yes yes, seasonally this, drop off that, massage this...whatever add to the fact that they appear to have no idea what to expect , as this was a huge leap over "expectations".
So that seasonal gain and the 195.000
The report showed that the actual amount of Americans working dropped by 195,000, with the net job gain resulting primarily from seasonal adjustments. The birth-death model, which approximates net job growth from newly added or closed businesses, added 52,000 to the total.
snip-
The average work week held steady at 34.5 hours while average hourly earnings rose 2 cents to $23.52.
Economy Creates 163,000 New Jobs but Rate Rises to 8.3% - US Business News - CNBC
and....
WASHINGTONU.S. employers stepped up hiring in July as the economy continued its uneven recovery heading into this fall's presidential election.
U.S. payrolls increased by a seasonally adjusted 163,000 jobs last month, the Labor Department said Friday, but the unemployment rate, obtained by a separate survey of U.S. households, ticked up one-tenth of a percent to 8.3%.
Economists surveyed by Dow Jones Newswires expected a gain of 95,000 in payrolls and an 8.2% jobless rate.
snip-
June and May payroll numbers were revised with only a small net effectJune payrolls rose 64,000 compared with the initially reported 80,000, and May was up 87,000 versus an earlier estimate of 77,000.
more at-
Economy Adds 163,000 Jobs - WSJ.com
yes yes, seasonally this, drop off that, massage this...whatever add to the fact that they appear to have no idea what to expect , as this was a huge leap over "expectations".
So that seasonal gain and the 195.000
The report showed that the actual amount of Americans working dropped by 195,000, with the net job gain resulting primarily from seasonal adjustments. The birth-death model, which approximates net job growth from newly added or closed businesses, added 52,000 to the total.
snip-
The average work week held steady at 34.5 hours while average hourly earnings rose 2 cents to $23.52.
Economy Creates 163,000 New Jobs but Rate Rises to 8.3% - US Business News - CNBC
and....
WASHINGTONU.S. employers stepped up hiring in July as the economy continued its uneven recovery heading into this fall's presidential election.
U.S. payrolls increased by a seasonally adjusted 163,000 jobs last month, the Labor Department said Friday, but the unemployment rate, obtained by a separate survey of U.S. households, ticked up one-tenth of a percent to 8.3%.
Economists surveyed by Dow Jones Newswires expected a gain of 95,000 in payrolls and an 8.2% jobless rate.
snip-
June and May payroll numbers were revised with only a small net effectJune payrolls rose 64,000 compared with the initially reported 80,000, and May was up 87,000 versus an earlier estimate of 77,000.
more at-
Economy Adds 163,000 Jobs - WSJ.com