Key Economic Indicators – July 11, 2016

  • Total non-farm payroll employment rose 287 thousand in June, following an increase of 11 thousand in the previous month, according to the U.S. Bureau of Labor Statistics.
  • The unemployment rate increased to 4.9% in June, from 4.7% in May.
  • The average workweek of all employees on private nonfarm payrolls held steady at 34.4 hours. Average hourly earnings increased 0.1%.
  • The advance figure for initial claims for unemployment insurance was 254 thousand in the week ending July 2, a decrease of 16 thousand from the previous week’s revised level. The 4-week moving average was 264.75 thousand, a decrease of 2.5 thousand from the previous week’s revised average.
  • Mortgage applications increased 14.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 1st.


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