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Jobs Prints Lower Than Expected, Core Inflation Remains Stubborn

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Jobs Prints Lower Than Expected, Core Inflation Remains Stubborn
The Federal Reserve Bank in Washington, D.C. file photo
J.G. Collins
Updated:
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Commentary
Total nonfarm payroll employment, relased this morning, increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent. Just 149,000 of those jobs were in the private sector; 60,000 were in government. Revisions from April and May resulted in 110,000 fewer jobs than originally reported for those two months. That’s the biggest downward revisions in jobs data we can recollect in the decade or so that we’ve been producing these monthly jobs reports.

Aanalysis

Let’s look at our exclusive schedule of Jobs Creation by Average Weekly Wages:
J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
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