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August 22, 2017
Job growth heated up this summer, as the U.S. economy added 209,000 jobs in July — more than the 183,000 that were expected — and the unemployment rate dipped to a 16-year low. Additionally, June’s initial job growth number (222,000) was revised up to 231,000.
Three things to know from today's BLS report
Reactions to the report: Reactions to this morning’s BLS report were mostly positive.
According to the New York Times: “‘This is a Goldilocks report for the markets,’ said Michael Gapen, chief United States economist at Barclays, meaning it was neither discouraging nor overheated. Citing the healthy payroll growth and steady gain in average hourly earnings in July, he added, ‘It really bodes well for macroeconomic growth.’”
According to CNN Money: “Many economists say the United States is at or near "full employment," meaning the unemployment rate won't go down significantly more. The job market continues to be one of the main strengths of the U.S. economy. July was the 82nd consecutive month of job growth.”
2. More participation?
According to The Washington Post: “The labor force swelled as more Americans found work. The labor force participation rate, the percentage of the population that is either employed or actively seeking work, ticked up to 62.9 percent after dipping in previous months.”
According to CNBC: “Job creation was strongly titled to part-time, which gained 393,000 positions, while full-time fell by 54,000.”
According to Yahoo Finance: “Also closely watched will be the underemployment rate — which includes those unemployed as well as folks employed part-time but that would like full-time work — which stood at 8.6% in June.”
3. Are wages rising?
According to Business Insider: “Wage growth remained sluggish in July, with average hourly earnings increasing by 0.3% month-on-month — as expected — and 2.5% year-on-year (compared with 2.4% expected). … Lower worker productivity and a decline in unionization are among the reasons pay isn't rising faster. But wages are increasing faster for lower-paying jobs.”
According to Reuters: “Lack of strong wage growth is surprising given that the economy is near full employment, but July's monthly increase in earnings could offer some assurance to Fed officials that inflation will gradually rise to its 2 percent target.”
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Orginal Article Can Be Found Here: https://resources.workable.com/tutorial/illegal-interview-questions
Author: Nikoletta Bika
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author: David More Orginal Article can be found here:
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