The Traderszone Network

Published in TZ Latest News 5 August, 2016 by The TZ Newswire Staff

July Payrolls Soar By 255K, Smashing Expectations As Wages Rise More Than Expected: Rate Hike Eyed

So much for payrolls tracking tax withholdings. With many expecting a payrolls whisper number to come below the consensus print of 180K, moments ago the BLS reported that July payrolls soared by 255K, a number made even more impressive by the upward revision to the June print from 287K to 292K. The unemployment rate remained flat at 4.9%, on expectations of a modest drop to 4.8%. Finally, making a strong case for a September rate hike was the average hourly earnigs which rose 0.3%, above the 0.2% expected, and well above last month’s 0.1%

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