Up 170K in the private sector and down 13K in the public sector. Sounds like a good report to me. Also, I suspect that the brisk hiring in May and June is a reason why July’s number came in a bit low. They were already working.
July is always slow for jobs. Hiring Managers are all on vacation.
And manufacturing continues to tick up.
The ADP figure of 200K+ for July would lead me to believe the BLS number will be revised quite a bit higher in the coming months.
“”””””””””””Also, I suspect that the brisk hiring in May and June is a reason why July’s number came in a bit low. They were already working.””””””””””””””””
This. Up here in the frozen North a ton of hiring gets done in April and May. June is big because school is out and students get jobs. By July everything is already rolling hard.