June Nonfarm Payrolls: +80K vs. consensus +100K, prior +77K (revised from 69K). Unemployment rate 8.2% vs. consensus 8.2%, 8.2% previous.
More on Nonfarm Payrolls: Revisions to May and April are a wash, showing a net loss of 1K jobs. The labor force participation rate (63.8%) and employment-population ratio (58.6%) are unchanged. The average hourly workweek gains 0.1 hour to 34.5 hours. Average hourly earnings up 6 cents to $23.50.
S&P futures turn a bit further south following the minor NFP miss, now -0.5%. The 10-year Treasury remains off 2 bps at 1.58%.
More on Nonfarm Payrolls: Revisions to May and April are a wash, showing a net loss of 1K jobs. The labor force participation rate (63.8%) and employment-population ratio (58.6%) are unchanged. The average hourly workweek gains 0.1 hour to 34.5 hours. Average hourly earnings up 6 cents to $23.50.
S&P futures turn a bit further south following the minor NFP miss, now -0.5%. The 10-year Treasury remains off 2 bps at 1.58%.
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