US change in non-farm payroll for June 224k vs 160K estimate

Author: Greg Michalowski | Category: News

US employment report for June  2019

  • Non Farm payroll 224K versus 160K estimate. Prior month 72K versus 75K
  • US unemployment rate 3.7% versus 3.6% expected
  • Average hourly earnings MoM  0.2% versus 0.3% expected. Last month 0.3% vs 0.2% prayer is the reported
  • Average hourly earnigns YoY 3.1% versus 3.2% expected.  last month 3.1%
  • Private payroll 191K versus 150K estimate
  • Participation rate 62.9% versus 62.8%. last month 62.8%
  • two month net revisions to non farm payroll -11K
  • manufacturing jobs+17 K versus plus 3K estimate.  Last month 3K
  • goods producing jobs plus 37K
  • service jobs, plus 154K
The US employment numbers for June came in better-than-expected with 224K vs 160K estimate. However, there was a small revision. The unemployment rate ticked up, helped by an uptick in the participation rates. Wages disappointed vs expectations.

US non farm payroll
  • professional and business services, +51K
  • healthcare, +35K
  • transportation and warehousing, +24K
  • construction, +21 K
  • manufacturing +17 K.  Manufacturing jobs have averaged 8K in 2019 versus 20 2K in 2018
  • financial +2K
  • information, +2K
  • leisure and hospitality +8K
  • government +33K
  • temporary employment +4K
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