August 5, 2022

BLS Employment Situation Report (July 2022)

 Nonfarm Payrolls month/month  529,000.   Previous was 398,000

- Unemployment Rate  3.5%. Previous was  3.6%

- Private Payrolls - month/month 471,000.  Previous was   404,000

- Manufacturing Payrolls month/month  30,000. Previous was   27,000

- Labor Participation Rate    62.1 %. Previous was  62.2%

- Average Hourly Earnings month/month    0.5%. Previous was  0.4%

- Average Hourly Earnings year/year    5.2%. Previous was  5.2%

- Average Workweek        34.6 hours. Previous was  34.6 hours  

Revisions to May and June added 28,000 jobs.

Source:  BLS  Details:  https://www.bls.gov/news.release/empsit.nr0.htm