More mixed news on the jobs front:
Though still stubbornly high, weekly jobless claims dropped 11,000 to 418,000 over the past week, more than an expected 3,000 drop.
Meanwhile, the private sector added 157,000 jobs from May to June, well ahead of estimates though still not enough to make a meaningful cut into the unemployment rate, according to a report from ADP.
AdvertisementServices provided the biggest share of the gain, rising 130,000 in June and nearly three times faster than May, when the overall job creation total reported by ADP and Macroeconomic Advisors was 36,000. The May number was revised down 2,000.
“Mixed” is as good as it gets until regime uncertainty is removed.
PJ Media appreciates your comments that abide by the following guidelines:
1. Avoid profanities or foul language unless it is contained in a necessary quote or is relevant to the comment.
2. Stay on topic.
3. Disagree, but avoid ad hominem attacks.
4. Threats are treated seriously and reported to law enforcement.
5. Spam and advertising are not permitted in the comments area.
These guidelines are very general and cannot cover every possible situation. Please don't assume that PJ Media management agrees with or otherwise endorses any particular comment. We reserve the right to filter or delete comments or to deny posting privileges entirely at our discretion. Please note that comments are reviewed by the editorial staff and may not be posted immediately. If you feel your comment was filtered inappropriately, please email us at story@pjmedia.com.
Post a Comment