by The change in total nonfarm payroll employment for June was revised down from +248,000 to +208,000, and the change for July was revised down from +157,000 to +147,000. With these revisions, employment gains in June and July combined were 50,000 less than previously reported. Read more at https://www.calculatedriskblog.com/#eVuYdeqRRy7O1pt6.99 Looks like the private sector credit ‘burst’ has run it’s course and the downtrend is resuming? 4.6 million people who weren’t considered to be in the labor force took jobs last month: This is not adjusted for inflation: Rental markets slowing: Rental glut sends a chill through the hottest housing markets
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
The change in total nonfarm payroll employment for June was revised down from +248,000 to +208,000, and the change for July was revised down from +157,000 to +147,000. With these revisions, employment gains in June and July combined were 50,000 less than previously reported.
Read more at https://www.calculatedriskblog.com/#eVuYdeqRRy7O1pt6.99
Looks like the private sector credit ‘burst’ has run it’s course and the downtrend is resuming?
4.6 million people who weren’t considered to be in the labor force took jobs last month:
This is not adjusted for inflation:
Rental markets slowing: