Non-farm Payroll Data Better than Expected

by Marilou Moursund on August 7, 2009

in Economic Indicators,Employment

The decline in non-farm payrolls for July at -247,000 was much lower than expected.  The unemployment rate also fell from 9.5% in June to 9.4% in July.  Average hourly earnings also showed a slight increase, and the average workweek stopped declining as well.

The S&P 500 has rebounded about 50% from its lows in March, and now the economy needs to deliver on that anticipated growth.

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