AUG#: +130,000 jobs.

Unemployment up at 3.7%...AUG jobs under Trump HERE

Friday, July 7, 2017

It's Jobs Day in America!

It seems like a long time since the May jobs numbers, but finally we eagerly anticipate the jobs numbers for June 2017.  

The payroll processor ADP estimates that we added 158,000 new private sector jobs in June 2017.  Their estimates have been high compared to the BLS (Bureau of Labor Statistics) numbers for the last few months; we'll see what happens tomorrow morning.

Unemployment claims numbers continue to be very low, though not quite as low as they were in late May.  

Reuters reports that the pundits estimated that we would add 185,000 private sector jobs, so the 158,000 reported by ADP was a disappointment and was largely responsible for the drop in the stock market.

We'll see what we will see tomorrow morning, 8:30 a.m. Eastern Time, very close to the time that Trump will be meeting with Putin in Germany.  So it will be a busy Friday morning.

Until tomorrow!

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