Powerful Jobs Report

Posted on Jul 7 2017 - 12:27pm by Sharpe Trade

The Employment Situation Numbers were released this morning at 8:30 AM EST.  And it was a powerful report.

Per Reuters

“Non-farm payrolls jumped by 222,000 jobs last month, driven by hefty gains in healthcare, government, restaurants and professional and business services sectors … That was the second biggest payrolls increase this year and beat economists’ expectations for a 179,000 rise. The economy also created 47,000 more jobs in April and May than previously reported. While the unemployment rate rose to 4.4 percent from a 16-year low of 4.3 percent in May, that was because more people were looking for work, a sign of confidence in the labor market. … …  The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, rose one-tenth of a percentage point to 62.8 percent.”

More hikes in the Target Fed Funds Rate doesn’t seem as far-fetched after that report

Don’t forget that the July Trading Course Promotion and
‘Sharpe Report’ Restructure is now Live!

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