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Greece Shocker and Disappointing U.S. June Jobs: Week Ahead

Greece Shocker and Disappointing U.S. June Jobs: Week Ahead

4 Years ago | July 05, 2015 00:00:00

John M. Bland

Employment Data Falls Short
The June U.S. employment report fell short on several grounds. First of all, non-farm Payrolls increased by 223,000 in the month, when many had been looking for an increase of about 250,000 in the month. Furthermore, strong data increases in April and May were revised down by about 60,000. The unemployment rate fell to 5.30% from 5.50%, but it fell due to a decline in the number of workers in the jobs pool. Lastly, Average Hourly Earnings were unexpectedly unchanged in the month and the M

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