(Finance) – Non-farm payrolls in July 2023 were little moved, but lower than expected. According to data provided by the Bureau of Labor Statistics, the unemployment rate it fell to 3.5%, compared to 3.6% the previous month and compared to 3.6% of the consensus.
187 thousand were added jobs in non-agricultural sectors (non-farm payrolls), after 185,000 payrolls were created in June (revised from 209,000). The employment data, more observed than the unemployment rate, is lower than market expectations which indicated an increase of 200,000 jobs.
The figure is also lower than expected private sector: 172,000 jobs were created, against the 128,000 revised in June and the 179 expected by the market.
The employees of the manufacturing sector they fell by 2 thousand units, below the consensus of +5 thousand, and compare with the revised +6 thousand of the previous month.
The average hourly wages they stood at $33.76, an increase of 0.4% on month and 4.4% on year (against expectations for +0.3 m/m and +4.2% y/y) after the +0.4% monthly and +4.4% trend recorded in June. Average hourly wages are closely monitored by the Federal Reserve as a good indicator of both the health of the labor market and inflationary pressures.
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