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Employment up less than expected
EFLLink is to the BLS site From the Employer Survey: Nonfarm payroll employment continued to rise in June, and the unemployment rate remained at 5.6 percent... Payroll employment increased by 112,000 in June, following larger gains in the prior 3 months. The household survey had an increase in employment of about 259,000. In the previous monthly survey the increase in the payroll employment exceeded the increase in the household employment but in 10 of the previous 12 months, the reverse has been true. What to make of this? Well if you were hoping to encourage the Federal Reserve board to go slow raising the Fed rate, you win bigtime. Posted by: mhw 2004-07-02 |
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