- July employment was 163K (revised to +141K)
- Unemployment rate 8.1% vs 8.3% exp
- Private employment 103K vs 142K exp
- Government employment -7K
- Manufacturing employment -15K vs 10K exp
- Average work week hrs 34.4hrs vs 34.5 hrs exp
- Average earnings 0.0% vs +0.2% exp
The drop in the unemployment rate was due to a fall in the participation rate, so it’s not a good sign.