Key Economic Indicators – July 9, 2018

·      Total non-farm payroll employment rose 213 thousand in June, following an increase of 223 thousand in the previous month, according to the U.S. Bureau of Labor Statistics. Private-sector payrolls increased by 202 thousand in May, while government employment increased by 11 thousand.

·      The unemployment rate edged up to 4.0% in June, from 3.8% in May.

·      The labor force participation rate edged up by 0.2 percentage point to 62.9% in June.

·      The average workweek for all employees on private nonfarm payrolls held steady at 34.5 hours in June.

·      In June, average hourly earnings of all employees on private nonfarm payrolls increased 0.3%. Over the past 12 months, average hourly earnings were up 2.7%.

·      The advance figure for initial claims for unemployment insurance increased 3 thousand to 231 thousand in the week ending June 30. The 4-week moving average was 224.5 thousand, an increase of 2.5 thousand from the previous week’s average.

·      In May, international trade deficit in goods and services was $43.1 billion, down $3.1 billion from April.

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