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Economy

Economic Data (USA)

Friday, August 03, 2018

Employment Situation Report for July 2018

The Employment Situation Report for July 2018 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Predicted: +190,000
Actual: +157,000


U-3 Unemployment Rate (Headline)
Actual: 3.9%
Previous Month: 4.0%
12 Months Previous: 4.3%

U-6 Unemployment Rate*
Actual: 7.5%
Previous Month: 7.8%
12 Months Previous: 8.5%



Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."




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