Author Topic: Payrolls rise 157,000 missing expectations, but overall picture still strong  (Read 767 times)

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Online mystery-ak

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Payrolls rise 157,000 missing expectations, but overall picture still strong

    Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a survey of Reuters economists and the lowest gain since March.

    The unemployment rate fell one-tenth of a percentage point to 3.9 percent, as expected.

    Average hourly earnings increased 2.7 percent over the same period a year ago.

    Previous months' jobs numbers were revised substantially higher.

Jeff Cox   | @JeffCoxCNBCcom
Published 26 Mins Ago Updated 9 Mins Ago

https://www.cnbc.com/2018/08/03/us-nonfarm-payrolls-july-2018.html
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Offline Jazzhead

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The biggest news here is that wage growth is finally starting to pick up.   Employers need to pay workers more to retain them - a good sign of the return of mobility to the job market.   

In related news, I saw yesterday that health insurers are substantially moderating price increases for next year under ObamaCare plans.   Perhaps the individual health care market is finally beginning to stabilize.   I still think there is substantially more that the Trump administration can do to get more healthy lives into that market -  which is THE key for moderating prices.   The silver bullet, IMO, would be to reverse the Obama regulation that prevents employers from giving pre-tax dollars to their employees to purchase insurance in the ACA marketplace. 
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