June Jobs Report:
Employment:
June non-farm payrolls +213K vs +195K expected, Prior 223K (revised to 244K)
Unemployment rate 4.0% vs +3.9% expected
Participation rate 62.9% vs 62.7% prior
Underemployment rate 7.6% vs 7.8% prior
Two month net revision +37K
Private payrolls 202K vs 190K expected Prior 218K (revised higher to 239k)
Wages:
Average hourly earnings +2.7% y/y vs 2.8% exp, Prior 2.7% y/y
Average hourly earnings +0.2% m/m vs +0.3% m/m exp
Hours worked 34.5 vs 34.5 expected Prior hours worked 34.5