US Change in Nonfarm Payrolls (Jul) M/M Exp. 225K (Low 140K, High 310K), Prev. 223K, May. 280K US Unemployment Rate (Jul) M/M Exp. 5.3% (Low 5.2%, High 5.4%), Prev. 5.3%, Apr. 5.5% US Average Hourly Earnings (Jul) M/M Exp. 0.2% (Low 0.1%, High 0.3%), Prev. 0.0%, Apr. 0.3% July’s nonfarm payrolls will be in strong focus following the FOMC rate decision last week with comments that an increase in interest rates will occur following ‘some further’ improvement in the labour market. The consensus is looking for a small increase on the previous figure at 225K with unemployment forecast to remain unchanged. Unemployment previously fell which was attributed to employees leaving the workforce. Furthermore, both the monthly and yearly average hourly earnings figures are expected to rise on their previous release.
This post was published at Zero Hedge on 08/06/2015.
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