📊🇺🇸Labour Market Pace Shows Signs Of Cooling: Cable FX Macro
- Rosbel Durán
- Aug 5, 2023
- 1 min read
**As seen in Non Farm Payrolls Dashboard, subscribe at cablefxm.co.uk/reports
July Non Farm Payrolls posted headline job growth of 187K from the prior of 185K (June downward revision from 209K)
The consensus forecast was missed at 200K, the projection range went from 150K to 300K. July is the second consecutive month of a headline miss
With the prior month getting a downward revision, June and July post the weakest two-month figure in more than two-years
Despite the softness in the headline, the jobless rate surprised to the downside at 3.5% while average hourly earnings accelerated faster than expected at 0.4% M/m
Information, transportation, and the business services sectors posted the largest declines. Education led in July
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