Not much to be excited about…
-162,000 jobs came in below expectations of 185,000
-The May and June numbers were revised down by a combined 26,000 jobs
-Average hourly wages ticked down by .1%
-Weekly hours worked ticked down by .1 hours
-The Participation Rate was down by .1% to 63.4%
-The Employment to Population ratio was unchanged at 58.7% (it is often considered the best measure of what to expect when it comes to future government transfer payments – needless to say, it is not very promising)
-Full-time jobs actually ticked up this month by 92,000, but part-timers continue to be the lion’s share with 174,000 added
But, hey, not all is lost – at least the unemployment rate went from 7.6% to 7.4% (sigh).
