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.
Related Posts
Recommended Reading – “My Personal Credit Crisis”
Sweden as a Responsible Model
Crossvault Conversations with Marc Flaster – Founding Principal, Sandler O’Neill – Part I
Tune Out the Noise of a Trade War
Fiscal discipline:The Path to Prosperity
Crossvault Conversations with Marc Flaster – Founding Principal, Sandler O'Neill – Part V
