Right, we are just a few seconds away from that August employment number. Rick Stanelli is standing by. He's been watching all of this as we get ready to go to this number.Rick, we're going to send it over to you. Wow. And the data is actually coming across the wires on time.Good job, BLS. Change in Knob Farm payrolls for the August job jobs report. 22,000 22,000.Interest rates started dropping long before this data was released. And last month, well, a subtle revision to 79,000. And if you look at the two- ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the U.S. labor market, specifically analyzing nonfarm payrolls, unemployment rates, and wage growth trends. Core Insights and Arguments 1. **Nonfarm Payroll Growth**: - Nonfarm payrolls increased by 73,000 in July, which was below expectations. - Revisions for previous months showed a downward adjustment of 133,000 for June (revised to 14,000) and 125,000 for May (revised to 19,000), totaling a cumulative revision of 258,000 across both months [1][3][5]. 2. **Sector Contributions**: - The cumulative revision was nearly evenly distributed between public and private sectors, with state and local government education accounting for most of the public sector revision (-109,000) [3][5]. - In July, job growth was strongest in healthcare (+73,000), retail trade (+16,000), and finance (+15,000), while the weakest sectors included professional and business services (-14,000), nondurable goods manufacturing (-11,000), and government (-10,000) [5][6]. 3. **Unemployment Rate**: - The unemployment rate rose by 0.13 percentage points to 4.25%, reflecting a decline in employment by 260,000 and a decrease in the labor force size by 38,000 [6][8]. - The labor force participation rate fell to 62.2%, indicating a decline in both foreign-born and native-born participation rates [6]. 4. **Wage Growth**: - Average hourly earnings increased by 0.33% month-over-month in July, aligning with consensus expectations. Year-over-year growth rose by 0.20 percentage points to 3.91% [7]. - Sectors with the largest wage increases included retail trade (+1.2%), financial activities (+0.5%), and professional and business services (+0.4%), while utilities (-0.3%) and nondurable goods (-0.2%) saw the slowest growth [7]. 5. **Underlying Job Growth Estimate**: - The estimated underlying pace of job growth, based on payroll and household surveys, is now at just 28,000 [8]. Additional Important Insights - The payrolls diffusion index increased in June (+4.0 points to 51.2) but remained unchanged on a three-month average basis at 46.8, significantly below the average of 56.5 in Q4 2019 [5]. - Employment in industries sensitive to immigration policy changes saw a decline of 4,000 on a three-month average basis through June [9]. - The U6 underemployment rate increased by 0.2 percentage points to 7.9%, and the job-finding rate for unemployed workers decreased by 0.9 percentage points to 26.8% in July [6]. This comprehensive analysis provides a detailed overview of the current state of the U.S. labor market, highlighting key trends and potential implications for investors and policymakers.

The US economy added 147,000 jobs in June. That was more than expected. The unemployment rate fell slightly to 4.1%.Average hourly earnings still a little light. That's your paycheck. The paycheck growing 3.7% over the past year.So if you have a job, you're being compensated for it. So the headlines here are all pretty sturdy. Private sector was not what was really driving things.It was state government jobs driving this job growth. So seeing the weakest private sector job growth since last October. ...

RT Bloomberg Opinion (@opinion)BREAKING: Jobs Day Data 📊*US JUNE AVERAGE HOURLY EARNINGS RISE 0.2% M/M; EST. +0.3%*US JUNE UNEMPLOYMENT RATE 4.1%; EST. 4.3%https://t.co/YQY6XVjGCR ...